Dhaka, Feb. 16 -- Coca-Cola Icecek (CCI), the Turkish beverage company, will acquire entire 100 per cent shares in Coca-Cola Bangladesh Beverages Ltd (CCBB) at a net value of $130 million.

The CCI has signed a deal with its subsidiary, CCI International Holland BV (CCIHBV) and a subsidiary of The Coca-Cola Company (TCCC).

As per the terms of the agreement, CCI is set to acquire the complete shareholding of CCBB at an equity value determined by subtracting CCBB's estimated net financial debt as of the closing date from an enterprise value of $130 million.

A post-closing price adjustment mechanism will come into play after a comprehensive closing audit to ascertain the precise net financial debt amount of CCBB as of the closing date, rep...