The deal would probably occur next year if it goes ahead, according to one of the people. Deliberations are ongoing so details such as the timing, structure, and size of the offering could still change, according to the people. A representative for Coca-Cola didn’t respond to requests for comment.
Coca-Cola Co. is considering taking its Indian bottling unit public in a deal that may fetch US$1 billion ($1.29 billion), according to people familiar with the matter.
The company has met with bankers in recent weeks to discuss the possible initial public offering of Hindustan Coca-Cola Beverages Pvt., which would value the unit at about US$10 billion, according to the people, who asked not to be identified discussing a private matter. It’s still early in the process and the company hasn’t hired bankers for the deal yet, according to the people.
