POST Online Media Lite Edition



 

Coca-Cola Enterprises merger moves step ahead

Staff writer |
Coca-Cola Enterprises announced that the SEC has declared the Registration Statement of Coca-Cola European Partners Limited (CCEP) effective.

Article continues below






CCEP will be formed with the merger of three European bottlers of The Coca-Cola Company, including Coca-Cola Enterprises.

Last year, Coca-Cola Enterprises announced that it will merge with two other European bottlers of Coca-Cola - Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetränke AG - to form a Western European bottler, CCEP.

Coca-Cola Enterprises will hold 48% stake, while Coca-Cola will own 18% in the new bottling company. CCEP will be the largest independent Coca-Cola bottler in terms of revenues. The transaction is expected to close by the end of second-quarter 2016.

A special shareholders' meeting will be held on May 24 to approve the transaction. We believe that Coca-Cola Enterprises' merger with the other European bottlers should boost its shareholder returns.

Coca-Cola has been divesting and merging many bottling operations in many international markets since 2014 to revamp its bottling system and thereby improve margins and drive growth.

Additionally, the company entered into an agreement with beer and beverage company, SABMiller, and partner Gutsche Family Investments, to merge their bottling operations in Southern and East Africa and form the largest Coca-Cola bottling entity in Africa.

Coca-Cola will have 11% stake in the new African bottler. In China, it has agreed to refranchise the company-owned bottling operations to its existing partners, COFCO and Swire.


What to read next

Mexico's Coca-Cola Femsa ditches plans to buy U.S. operations
SABMiller, The Coca-Cola Company and Coca-Cola Sabco to form Coca-Cola Beverages Africa
Coca-Cola European Partners completes combination

U.S.: Severe thunderstorms and heavy rainfall potential for Plains

 
On Monday, an upper-level low over parts of the Great Basin will slowly weaken and move eastward to the Northern Plains and Central/Southern Rockies by Wednesday.
 
 

Latest

Assistant Secretary Pyatt travels to Spain
Eni makes big gas discovery in Indonesia's Kutei Basin
France kicks off bird flu vaccination
SLB, Aker Solutions and Subsea7 announce closing of onesubsea joint venture

NEWS

FAA closes Blue Origin mishap investigation

At least eight killed in heavy rain and lightning in India
More seaborne cigarette smuggling foiled in Hong Kong
Bulgaria: Energy workers, miners continue protests on Sunday, demand Energy Minister's resignation
IAF helicopter makes emergency landing in Bhopal after technical glitch
Plane crash kills 6 in Zimbabwe
 

BUSINESS

England begins enforcing ban on single use plastics

Indonesia launches Whoosh high speed railway
Serbia gets €25 million EBRD loan to upgrade rail infrastructure
Federal Railroad Administration presents $23.7m grant to Tennessee Department of Transportation
£4 billion UK contracts progresses AUKUS submarine design
Highlights: September 25, 2023 - September 29, 2023
 

Trending Now

When you fail on a job interview, do what actors do

Dutch King inaugurates Vattenfall’s 1.5 GW offshore wind farm

Export of Filipino avocados to South Korea began

Grupo Aeroportuario del Pacífico buys real estate company on Tijuana Airport


POLITICS

Iraq says power link with Jordan ready

Argentina and Paraguay work to resolve waterway dispute
U.S. sets aside $500 million in grants for smaller chip suppliers
New Zealand to add 100 new public EV chargers to national network
California Governor: We don't have money for striking workers' checks
Foreign Ministry: Africa interested in placement of Ukrainian arms production on its territory
 

Today We Recommend

Iraq says power link with Jordan ready


Highlights 

Northvolt to open battery facility in Quebec, create up to 3,000 jobs

AGCO will acquire an 85% interest in Trimble’s portfolio for $2.0 billion

Nel Hydrogen to build gigafactory in Plymouth Township bringing 517 jobs to Michigan


COMPANIES

50Hertz signs €4.6B contracts for high performance cables

Dutch King inaugurates Vattenfall’s 1.5 GW offshore wind farm
New Zealand customers refunded nearly $480k in settlement with ComCom
MedAlliance acquired by Cordis for up to USD 1.135 billion
Future Motion recalls 300,000 electric skateboards after four deaths
Galveston Wharves: $42.3 million in state funding for cargo projects
 

CAREERS

Azeem Baig joins OPLOG

Inalfa Roof Systems Group appoints Georges Andary as new CEO
AAX Biotech names new CEO
65 Equity Partners appoints two senior partners
Krank appoints David McCarthy as global head of sales
Lithium Energi Exploration appoints Jason Nalewanyj as CFO
 

ECONOMY

Albania GDP up 3.23 pct YoY in Q2

Canada's economy stalls in July
IMF expects China to meet 2023 growth target
Bahrain imports rise 3% to $1.4 billion
Vietnam's GDP up 5.53 pct in Q3
Germany: Import prices 16.4% lower in August 2023 compared with August 2022
 

EARNINGS

AllianceBernstein Q3 net assets $355,617,637

Carnival Q3 income $1.07 billion
Natuzzi Q2 revenue €83.5 million
Accenture Q4 revenues $16.0 billion
CarMax Q2 revenues $7.1 billion
BlackBerry Q2 revenue $132 million
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

Bulgaria bans imports of sunflower seeds from Ukraine until December

Deer farmer in New Zealand fined $12,000 for not tagging 278 NAIT animals
Malaysia striving for self sufficiency in onion production
Export of Filipino avocados to South Korea began
Half of food products in Spain become more expensive despite price caps
Hundreds of Dutch farms grappling with bluetongue virus
 

LEADERSHIP

When you fail on a job interview, do what actors do

Handsome bank CEOs can earn a million more than their less attractive colleagues
Investors less likely to sell losing stocks when entire portfolio is at loss
How managers can encourage employees to share their best ideas
More than 50% of software leader roles will explicitly require oversight of generative AI
Gartner survey: Half of candidates accepted job offer and backed out before starting
 

CRIME

Goldman Sachs to pay $3 million to settle CFTC charges

Albemarle to pay SEC more than $103 million to settle FCPA violations
SEC charges Electric Vehicle for misleading revenue projections ahead of SPAC merger
Exelon to pay $46.2m penalty to settle SEC fraud charges
Dufresne to pay $3.25 million penalty to settle Competition Bureau Canada concerns over marketing claims
New York judge found Donald Trump liable for fraud, effectiely kills his business in state
 

Magazine

TRAVEL

Balloon Fiesta, attraction for all children

500 exhibitors coming to Watch and Jewellery Middle East Show
Iconic Buffalo Roundup in South Dakota
Urban(R)Evolution, celebration of graffiti art
151 room Taj the Trees hotel opens in Mumbai
Festival of films made by kids returns to Blatimore, Md.
 

SEA, LAND, AIR

Bentley Bentayga, ultimate luxury and chiropractor

Indian Chief, homage to glory days of American motorcycling
Ares Modena S1 is real take on Corvette
Toyota to launch new Century in Japan
Alfa Romeo 33 Stradale, pure beauty with 750 hp
Grand Soleil 40, fast and responsive boat
 

DESIGN

What to do and what not to do when designing your living room

Yves Delorme, luxury linen for kings and you
Graff, obsession with perfection
Ballerina kitchens, the dance of style and function
Big ideas for small interiors
How to choose colors for your walls
 

GADGETS

Hegel H600, powerhouse 303 watts amplifier

Tecno Phantom flip phone, great device you shouldn't touch
HP Spectre Foldable PC, interesting laptop but $5000 for it is way too much
Deutsche Telekom Fairphone 5, sustainable and ethical smartphone you can repair yourself
Canon MS-500, ultra sensitive camera for professionals
Nikon Z 8, full frame mirrorless camera for professionals
 

HEALTH

Katalin Kariko, Drew Weissman get Nobel Prize in medicine for mRNA vaccines

Research shows PFAS exposure may delay girls' puberty
Dengue vaccine tests successful for first time in Bangladesh
Large study confirms Tetris helps women after traumatic birth
EMA recommends non-renewal of authorisation of multiple myeloma medicine Blenrep
Iran breaks U.S. monopoly in production of stroke medication
 

MEANTIME

European countries smash September temperature records

Indian spacecraft heads towards center of solar system
China unveils its Moon plans
Milky Way mass much smaller than expectations from cosmology
CERN says antimatter responds to gravity
Arctic sea ice sixth lowest on record