Coca-Cola Gears Up for IPO of $8 Billion Africa Bottling Arm

Coca-Cola Co.is gearing up for a potential initial public offering of its African bottling business as soon as next year after previously putting the plans on hold, people with knowledge of the matter said.

The drinks company is considering a dual listing for Coca-Cola Beverages Africa in Johannesburg and Amsterdam, according to the people. It may seek a valuation of more than $8 billion for the business, the people said, asking not to be identified because the information is private.

Coca-Cola owns 66.5% of the bottling unit while the remaining 33.5% is owned by Gutsche Family Investments. Deliberations ...