Coca-Cola subsidiary to boost stake in Bottlers Japan Holdings

The Coca-Cola Export Corporation, a wholly-owned subsidiary of The Coca-Cola Company, intends to acquire 10,000,000 shares of Coca-Cola Bottlers Japan Holdings Inc. via an off-market transaction. The acquisition, scheduled for December 11, 2025, will increase The Coca-Cola Export Corporation's voting rights from 5.11% to 11.04%, making it the second-largest shareholder.

This transaction qualifies as a "collection act equivalent to a tender offer" under Japanese financial instruments and exchange law, triggering a change in Coca-Cola Bottlers Japan Holdings' major shareholders. The acquisition involves shares obtained by the financial instruments business operator from its customers through a lending arrangement.

The company stated that this change in major shareholders is not expected to impact its management structure or business performance. The announcement was made in response to a request from The Coca-Cola Export Corporation, in accordance with regulatory requirements.