₦airaland Forum

The Coca-Cola Company has reported a $393 million impairment charge tied to the sale of Chi Limited. The disclosure appeared in its Q3 2025 financial statements, highlighting the cost of its exit from Nigeria’s juice and dairy market.

In the third quarter of 2025, Coca-Cola announced the sale of Chi Limited, makers of Hollandia and Chivita, to UAC Nigeria Plc. The deal marks the end of Coca-Cola’s six-year direct operation in Nigeria. It also signals a shift in strategy as the company focuses on simplifying its global portfolio.

Coca-Cola first entered Chi Limited in 2016, when it purchased a 40 per cent stake from Tropical General Investment (TGI) Group for about $438 million, according to BusinessDay findings. The agreement included a path to full ownership within three years. That goal was achieved in January 2019, when Coca-Cola acquired the remaining 60 percent for $257 million. In total, the company spent roughly $694.5 million on the acquisition.

The sale price to UAC Nigeria Plc has not yet been disclosed. However, Coca-Cola recorded a $393 million net loss on the transaction. This suggests that the sales proceeds were considerably lower than the book value of Chi Limited on Coca-Cola’s balance sheet.

The impairment adds to the company’s broader financial restructuring efforts. Coca-Cola is also preparing to take a $1 billion charge linked to the planned sale of part of its stake in Coca-Cola Beverages Africa (CCBA).

Meanwhile, UAC Nigeria Plc is expected to release details of the Chi acquisition in its Q3 2025 report. UACN announced plans to raise N65 billion in a new commercial paper programme. However, it is noted that the capital raise is not channelled to the Chi acquisition as that transaction is already completed.

Stanbic IBTC Capital is acting as the lead arranger, providing investment banking and advisory services to UAC Nigeria.

Ttalk:
Either you like Tinubu or not God is going to use Tinubu to bless you and your family during his tenure

Topman7:
Your house looks like a garbage can, not Nigeria.

Go and educate yourself, because you know NOTHING about Nigeria.

Topman7:
You have an inferiority complex.

NIGERIA has more than an enough scientific knowledge to develop nuclear weapons.

People like you need to type less and read more, because you don't know anything.

I'm sure you didn't know Nigeria has nuclear reactors which it has maintained for decades.

Do you even know what a nuclear reactor is?

anonimi:
How do we know that you are not the one who is lying about her age?

Jokerman:
Please how did Abacha keep the Naira to dollar stable with his 5 years in power??

That was a great feat. Please pray tell what was Abacha crime again?

FIRDAUS3:
May we never be the victims of kidnapping..... It's such an horrible way to experience life.

tragergeorge:
Dangote de produce
Dangote de export
una de import
that means y'all gaining
e get wetin una de get from the importation
subsidy Na SCRA
cos elections Tinubu no wan offend Anyone
make everyone do wetin them like as long as they aligne with him

erniok:
Drones to see them, then we scramble jets to do the job. Choppers are not that fast.

erniok:
I prefer drones. We will have eyes in the sky almost round the clock and no way these guys movement wouldn't have been noticed.

olatade:
Indeed there was a coup scare..

General Musa removed?

nairalanda1:
Yes he did

But comments by supporters online that the north was orchestrating the attacks to discredit GEJ made him look weak.

Even his wife's response to the Chibok issue did not help matters.

What happens on the internet can be very damaging. By the time the mercs did their jobs, it was too late PR wise.

The same thing is happening now under tinubu. Apparently some of his supporters are blaming the crisis in the north as an attempt to discredit his administration

nairalanda1:
That's why many people did not vote for pdp

When the bombs were going off, you GEJ supporters were blaming north, instead of asking your man to lead us well

The thing is, comments like yours make GEJ look like a weakling who was being held hostage by terrorists . That is not good for elections.

already some tinubu supporters are following your playbook and blaming north. That north wants to make tinubu look bad. At least shame catch buhari supporters otherwise dem.go.blame south.