Coca-Cola said it would exercise its right to buy Anheuser-Busch InBev's stake in Africa's biggest Coke drinks bottler, after the brewer's takeover of SABMiller. 

Coke formed Coca-Cola Beverages Africa (CCBA) along with SABMiller and the South African owners of bottler Coca-Cola Sabco in 2014.

It had retained the right to buy SABMiller's stake in the event of a change of control at the brewer. 

Coke will negotiate terms of the deal with AB InBev in the coming months and continue talks with potential partners to refranchize CCBA, the company said. 

Coke owns 11.3% of CCBA, while SABMiller holds 57%. 

The Gutsche family that owns Coke Sabco owns the rest of the bottler, which has operations in 12 markets across Southern and East Africa. 

Coke's other bottling partners include Coca-Cola FEMSA in Mexico and Latin America, Coca-Cola HBC and Coca-Cola Enterprises in Europe.