Chi Limited, amalgamated in Lagos Nigeria in 1980, is a fast-moving consumer goods company that provides consumer products in the dairy, beverages and snack sectors. In January 2016, Coca-Cola announced a binding agreement for The Coca-Cola company to acquire an initial minority equity shareholding in Chi Limited. Coco-Cola made an initial 40% stake in Chi Limited from Tropical General Investment(TGI) Groups in 2016 and intended to increase ownership to 100% within 3 years.
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On Wednesday 30 January 2019, The Coca-Cola company announced its complete acquisition of Chi Limited in Nigeria. The President of the West Africa Business Unit of Coca-Cola, Peter Njonjo, declared support to the Chi management team in building on the company’s remarkable heritage and achievements while using the scale of the Coca-Cola system to replicate their success in more markets across Africa.
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