Coca-Cola European Partners has announced the completion of the combination process of Coca-Cola Enterprises Inc, Coca-Cola Iberian Partners, S.A.U. and Coca-Cola Erfrischungstgetränke GmbH, to create the company's largest independent bottler by net sales.
The new bottling giant will serve a population of over 300 million people (including Germany, UK, France, Spain, Portugal, Belgium, the Netherlands, Luxembourg, Monaco, Norway and Sweden). Coca-Cola European Partners reported pro forma 2015 net sales of approximately €11 billion and pro forma 2015 EBITDA of approximately €1.8 billion
“With a collective heritage in Europe of over 100 years, the three businesses, united under one of the most recognizable brands in the world, are poised to become the leading bottler in the Coca-Cola system,” said Sol Daurella, chairman of the board of Coca-Cola European Partners plc.
“Our ambition is simple: to create a winning future together with The Coca-Cola Company. Coca-Cola European Partners will continue to make the drinks that millions of people love, while offering them more choice than ever before.”
It is expected that Coca-Cola European Partners will go live in the stock market in New York, London and Amsterdam simultaneously on May 31 at 14:30 GMT. In Spain, the company is expected to go live on the stock exchange on June 2nd at noon.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Gabriela Guédez. To subscribe to ESM: The European Supermarket Magazine, click here.
