Skadden, Arps, Slate, Meagher & Flom, Slaughter and May and McDermott Will & Emery, together with Philippines counsel Sycip Salazar Hernandez & Gatmaitain and Villraza & Angangco Law have advised on Aboitiz Equity Ventures and Coca-Cola Europacific Partners’ $1.8 billion joint acquisition of Coca-Cola Beverages Philippines (CCBPI) from The Coca-Cola Company.

Philippine conglomerate Aboitiz Equity Ventures (AEV), together with Coca-Cola Europacific Partners (CCEP), has entered into a definitive agreement with The Coca-Cola Company (TCCC) to take over the U.S. beverage giant’s Philippine subsidiary.