Coca-Cola acquires remainder of sports drink brand BodyArmor for €4.8bn

BodyArmor is Coca-Cola’s largest-ever brand acquisition (Tony Dejak/AP)

Coca-Cola is making a multibillion-dollar bet on the sports drink brand BodyArmor as part of a larger push to diversify its offerings.

Coke said it has paid $5.6bn (€4.8bn) for the remaining 85% of BodyArmor – it originally bought a 15% stake in 2018.