The Coca-Cola Firm has disclosed a lack of $393 million linked to its current sale of Chi Restricted, a key subsidiary working primarily in Nigeria.
The corporate disclosed the $393 million impairment cost tied to the sale of Chi Restricted in its Q3 2025 monetary statements, highlighting the price of its exit from Nigeria’s juice and dairy market.
The transaction, a part of Coca-Cola’s strategic portfolio realignment, resulted within the firm recognising this substantial monetary setback in its newest quarterly earnings report.
Chi Restricted, recognized for its dairy and juice merchandise, was offered to advertise Coca-Cola’s deal with its core beverage segments amid evolving market dynamics in Africa.
Within the third quarter of 2025, Coca-Cola introduced the sale of Chi Restricted, makers of Hollandia and Chivita, to UAC Nigeria Plc. The deal marks the top of Coca-Cola’s six-year direct operation in Nigeria. It additionally alerts a shift in technique as the corporate focuses on simplifying its international portfolio.
Coca-Cola first entered Chi Restricted in 2016, buying a 40 per cent stake from Tropical Basic Funding (TGI) Group for about $438 million, based on BusinessDay findings. The settlement included a path to full possession inside three years. That objective was achieved in January 2019, when Coca-Cola acquired the remaining 60 per cent for $257 million. In complete, the corporate spent roughly $694.5 million on the acquisition.
Coca-Cola’s administration defined that whereas the speedy monetary impression is a setback, the transfer aligns with its long-term goals to streamline operations and spend money on high-growth areas.
The sale worth to UAC Nigeria Plc has not but been disclosed. Nevertheless, Coca-Cola recorded a $393 million internet loss on the transaction. This means that the gross sales proceeds have been significantly decrease than the e book worth of Chi Restricted on Coca-Cola’s stability sheet.
The impairment provides to the corporate’s broader monetary restructuring efforts. Coca-Cola can also be making ready to take a $1 billion cost linked to the deliberate sale of a part of its stake in Coca-Cola Drinks Africa (CCBA).
In the meantime, UAC Nigeria Plc is anticipated to launch particulars of the Chi acquisition in its Q3 2025 report. UACN introduced plans to boost N65 billion in a brand new business paper programme. Nevertheless, it’s famous that the capital elevate will not be channelled to the Chi acquisition, as that transaction is already accomplished.
Stanbic IBTC Capital is the lead arranger, offering funding banking and advisory companies to UAC Nigeria.
