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According to a report in the The Wall Street Journal, Coca-Cola Enterprises is in advanced talks to merge with Coca-Cola’s German and Spanish bottlers.
Shares in CCE jumped on the news that CCE might combine with Coca-Cola Erfrischungsgetränke AG in Germany and Coca-Cola Iberian Partners. The transaction, which would be worth billions of dollars, would further The Coca-Cola Company’s goal of consolidating bottling operations around the world and cutting expenses.
Independent Coca-Cola Enterprises Inc produces, distributes, and markets non-alcoholic beverages in the UK, Belgium, France, Luxembourg, Monaco, the Netherlands, Norway, and Sweden.
The Coca-Cola Company reportedly paid $626m plus the assumption of debt to take full control of its German bottling operations in September 2007 when it bought out almost 20 small regional bottlers and merged them into major bottler Coca-Cola Erfrischungsgetränke AG, already a Coca-Cola subsidiary.
Coca-Cola Iberian Partners is the bottler for The Coca-Cola Company for Spain, Portugal and Andorra. The business was formed in 2013, unifying the previous separate bottlers in Spain and Portugal.
FoodBev will update this story as it unfolds.
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