Coca-Cola European Partners to acquire Coca-Cola Amatil
Coca-Cola European Partners, the world’s largest Coke bottler based on revenue, has agreed to acquire Coca-Cola Amatil, one of the largest bottlers and distributors of ready-to-drink beverages and coffee in the Asia Pacific region, for A$9.28 billion (approximately US$6.62 billion).
The proposed transaction would create a broader and more balanced footprint for Coca-Cola European Partners whilst almost doubling its consumer reach, with the aim of ultimately driving sustainable and faster growth, through geographic diversification and scale.
Coca-Cola European Partners currently serves a consumer population of over 300 million across Western Europe, including Andorra, Belgium, continental France, Germany, Great Britain, Iceland, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain and Sweden. The company is listed on Euronext Amsterdam, the New York Stock Exchange, London Stock Exchange and on the Spanish Stock Exchanges.
Damian Gammell, Chief Executive Officer of Coca-Cola European Partners, comments: “This is a unique and tremendous opportunity to combine two of the world’s best bottlers, creating a broader and more balanced geographic footprint, including one of the most attractive and populous emerging markets, doubling our consumer reach to 600 million. This larger platform would enable us to scale up even faster than before and solidify our position as the largest Coca-Cola bottler by revenue, further strengthening our strategic partnership with The Coca-Cola Company.”
