Announced
Completed
Financials
Tags
packaged food
consumer products
Food Products
Australia
Friendly
Majority
Acquisition
Cross Border
Single Bidder
Private
Scheme
Completed
Synopsis
Coca-Cola European Partners, a British multinational bottling company dedicated to the marketing, production, and distribution of Coca-Cola products, completed the acquisition of Coca-Cola Amatil, a bottler and distributor of ready-to-drink non-alcoholic and alcoholic beverages and coffee in the Asia Pacific region, for $7.7bn. The proposed transaction would create a broader and more balanced footprint for CCEP whilst almost doubling CCEP's consumer reach, with the aim of ultimately driving sustainable and faster growth, through geographic diversification and scale. On February 14, 2021 Coca-Cola European Partners sweetened the offer to $7.7bn from $6.6bn. On February 16, 2021; Coca-Cola Amatil votes in favour of European bottler's $7.7bn takeover deal.
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