X (Twitter) LinkedIn
    Thursday, November 30
    Login
    0 Shopping Cart
    X (Twitter) LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals & Transactions»Coca-Cola’s European bottler sweetens takeover offer for Aussie peer Amatil
    Deals & Transactions

    Coca-Cola’s European bottler sweetens takeover offer for Aussie peer Amatil

    February 15, 2021Updated:February 15, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    In this Feb. 4, 2021, photo, a lighted sign adorns the Coca-Cola Store in Las Vegas. The resurgent coronavirus slowed Coca-Cola’s recovery in the fourth quarter, and the company said the slump has continued into this year. (AP Photo/John Locher)
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    The European bottling arm of Coca-Cola has sweetened its final, binding takeover offer for Australian counterpart Coca-Cola Amatil by 75 cents per share, reflecting a jump in the company’s market value since an initial offer last year.

    Coca-Cola European Partners (CCEP) said on Monday it was raising the offer by 6% to A$13.5 per share, valuing the Australian company at A$9.93 billion ($7.70 billion).

    Coca-Cola has long outsourced its bottling operations to separate regional operators. It owns 31% of Amatil and 19% of CCEP, which is now by far the largest by revenue, serving 13 countries in Western Europe. While the deal would unite two companies that bottle and distribute Coca-Cola drinks, providing scale, operating efficiencies and a larger geographic spread, it also provides CCEP with a platform for further consolidation in Asia.

    Read more at: Reuters

    By Siddharth Cavale, Nikhil Kurian Nainan, Daniel Wallis, Diane Craft and Sherry Jacob-Phillips

    Image Source

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Mergers and acquisitions
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Animal drugs maker Dechra agrees to lower £4.5bn takeover by Swedish private equity firm EQT

    June 3, 2023

    Warburg and Advent in the lead to acquire Baxter’s biopharma unit

    May 13, 2023

    BlackRock Sells Asset-Backed Bonds From Credit Suisse’s Books

    April 14, 2023

    KKR buys stake in communications firm FGS Global

    April 11, 2023

    Comments are closed.

    Other Articles

    Riverside adds 12th add-on to CertaSite platform

    August 18, 2021

    BlackRock plans private markets range as it signs fund tech deal

    June 15, 2021

    Equistone sells Oikos Group to Goldman Sachs

    March 13, 2021

    The Indian government taps TPG, Carlyle, Fairfax for IDBI Bank stake sale

    August 19, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    X (Twitter) LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?