BIDCO acquires ribena & lucozade firm
The Competition Authority of Kenya (CAK) has approved the acquisition of Suntory Beverage and Food Kenya Limited's issued share capital by Bidcoro Africa Limited. Suntory Beverage, a company rooted in Japan, is known for popular drinks such as Ribena and Lucozade. Bidcoro Africa Limited manufactures, processes, markets, and sells concentrates (cordials/syrups/squashes), soft drinks, and ice lollies, with well-known brands including Suntop, Sunquick, and Suncola.
Bidcoro Africa Ltd is a partnership between Bidco Africa Ltd and CORO A/S based in Denmark. The acquisition involves the purchase of Suntory Kenya's entire issued share capital by Bidcoro. Bidoco also operates in the Uganda market as Bidco Uganda Limited, with brands in edible oils, personal care, food products, and other essentials.
