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.

READ ALSO: Why PZ Cusson PLC Plans to Limit its Exposure in Nigeria
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.
Push Your Dreams Confidently!
Want to push your dreams in today’s technology-driven, constantly-changing world? You must read Olatorera Oniru’s bestselling digital e-book titled Push Your Dreams available now on Olatorera.com and on Amazon.com.
The Olatorera Consultancy brand has grown from an ambitious solo-preneur to a team of over 50 people highly assertive on providing the seal and stamp of “Africa’s Best” to great businesses in Africa and beyond. Olatorera Consultancy has an annual outline of businesses we work with. We currently do not accept unsolicited applications. To network with the team at Olatorera Consultancy Limited, please add your company to the reviews page here. An Olatorera Consultancy company representative may be in touch with you shortly after reviewing your company’s readiness for business consultation services.
Olatorera Consultancy Limited publishes an annual list of Africa’s Best.