Huge merger: Trucks with the Coca-Cola logo are seen at a plant in Europe. Coca-Cola European Partners’ deal to purchase Australian bottler Coca-Cola Amatil is a move to better withstand the slowdown in the industry and the move away from sugary drinks. — AP
HONG KONG: Coca-Cola European Partners Plc agreed to buy Australian bottler Coca-Cola Amatil Ltd, creating a global producer of packaged beverages to better withstand a slowdown in the industry and the shift away from sugary drinks.
The deal values Sydney-based Coca-Cola Amatil at A$9.23bil (US$6.6bil), a 19% premium to where its shares traded last week. The target’s board intends to unanimously recommend the offer.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
