Coca-Cola European Partners in talks to buy Coca-Cola Amatil -Bloomberg (Adds bankers advising on the potential deal) Oct 25 (Reuters) – Coca-Cola European Partners is in advanced talks to acquire Australia’s Coca-Cola Amatil , Bloomberg News reported on Saturday.Details of the deal, which has not yet been finalised, could be announced within few days, Bloomberg reported, citing people familiar with the matter.Neither company could be reached for comment outside business hours.A deal would be the largest acquisition of an Australian company this year.Coca-Cola Amatil has a current market capitalisation of A$7.76 billion ($5.54 billion), according to Refinitiv Eikon data.Shares in bottler Coca-Cola Amatil were halted on Thursday pending an announcement on a “potential material transaction”.Rothschild & Co is advising Coca-Cola European Partners and UBS Group AG is advising the Australian target, a person with knowledge of the deal told Reuters on Sunday.
Media representatives for Rothschild did not immediately return requests for comment.UBS declined to comment.U.S.-based Coca-Cola Co owns a 19.11% stake in Coca-Cola European Partners, the world’s largest independent bottler of Coca-Cola, Refinitiv data shows.($1 = 1.4015 Australian dollars) (Reporting by Paulina Duran in Sydney and Rebekah Mathew in Bengaluru; editing by Jason Neely and Lincoln Feast.) 2020-10-25 09:26:56
© 2020 Thomson Reuters.All rights reserved.
Reuters content is the intellectual property of Thomson Reuters or its third party content providers.Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon.”Reuters” and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.
Most read today What is RSS? » Risk Disclosure: Sharenet will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals.Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.Currency trading on margin involves high risk, and is not suitable for all investors.Trading or investing in crypto currencies carries with it potential risks.
Prices of crypto currencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.Crypto currencies are not suitable for all investors.Before deciding to trade foreign exchange or any other financial instrument or crypto currencies you should carefully consider your investment objectives, level of experience, and risk appetite.Sharenet would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
All CFDs (stocks, indexes, futures), Forex and crypto currencies prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes.Therefore Sharenet doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.Sharenet may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics.
The calculation/derivation may include underlying JSE data.Sharenet Group of Companies are authorised financial services providers.
Sharenet Securities FSP#: 28430 | Sharenet Wealth FSP#: 41688 © 2020 SHARENET (PTY) Ltd, Cape Town, South Africa.
