Coca-Cola European Partners (CCEP), the world's largest Coke bottler, has reported a surprisingly disappointing first month of trading, with a drop of 8.45 per cent in its value.
As reported on efeagro.com, the company's shares were valued last Monday 4 July at around €32.5, after increasing by 2.36 per cent. However, this was still clearly below the starting price of €35.5 they had on the company's first day of trading, 2 June.
The negative trend contrasts with the optimistic prognosis reported by investment firms and analysts prior to its launch.
Coca-Cola European Partners' market capitalisation is currently around €15,300 million, €1,600 million less than on day one.
Nevertheless, the newly formed company - a merger between Coca-Cola Enterprises (48 %), Coca-Cola Iberian Partners (34%) and The Coca-Cola Company (18 %)is already one of the leading business in Western Europe.
© 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.
