Andy Morton

Analysis - Germany option could return for Coca-Cola Enterprises

By | 26 April 2013

CCEs option on Germany runs out on 25 May

CCE's option on Germany runs out on 25 May

Coca-Cola Enterprises (CCE) may still buy The Coca-Cola Co's German operations further down the line, plus other European bottlers, an analyst has said.

Nomura analyst Ian Shackleton said today (26 April) a decision not to pick up an option on the Germany facilities before it runs out next month does not rule out a deal “in the medium term”. In first-quarter results, released yesterday, CCE head John Brock said the company has agreed with Coca-Cola to pass on the Germany facilities "at this time". 

Shackleton said: “We had expected the option on buying Germany to be extended; however, even with the expiry of the current option, this does not rule out the deal returning. In addition, we can see potential for acquisition of other franchises in adjacent territories or of brands to expand the portfolio.”

The option, part of Coca-Cola's takeover of CCE's operations in North America in 2010, expires on 25 May.

Yesterday's results revealed a volumes slide in continental Europe, but Shackleton said “pricing appears robust in key markets”.

Expert analysis

The Future of Germany Non-Alcoholic Drinks Packaging to 2017

The Future of Germany Non-Alcoholic Drinks Packaging to 2017 is a data only report providing extensive and highly detailed time series consumption data on primary and outer packaging in the market The report provides in-depth quantitative data on retail non-alcoholic drinks packaging, covering key segmentations such as pack material and type, closure material and type, outer and multi-pack information, for the latest financial year (current year) and the extreme ends of the historical and forecast periods

Sectors: Company results, Mergers & acquisitions, Soft drinks

Companies: Coca-Cola Enterprises, Coca-Cola Co

There are currently no comments on this article

Be the first to comment on this article

Related research

Coca-Cola Enterprises Ltd in Soft Drinks (United Kingdom)

Coca-Cola Enterprises Ltd is focused on strengthening consumer awareness of its sustainable recycling efforts, as well as its product choice, in the forecast period. The company has invested heavily in marketing to convey its bottle recycling process...

Coca-Cola Enterprises Inc. : Consumer Packaged Goods - Company Profile, SWOT & Financial Report

Canadean's "Coca-Cola Enterprises Inc. : Consumer Packaged Goods - Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major produc...

The Coca-Cola Co in Health and Wellness (World)

The Coca-Cola Co (TCCC) is the leading player in both soft drinks and in HW soft drinks. The company’s strength is based on its diversity of category presence from HW carbonates to RTD tea and bottled water. This allows the company to benefit from va...

Related articles

just the Round-Up - The week in drinks

The top ten stories published on just-drinks this week:

CHINA: Coca-Cola marches on with new $106m Hebei bottling plant

The Coca-Cola Co has launched a new US$106m bottling plant in China's Hebei region as part of a wider investment programme in the country.

Analysis - CSD firms should forget innovation, focus on pricing

US soft drinks firms should tackle the "perennial decline" in the CSD category by growing profits through raising prices, instead of focussing on product innovation, an analyst has argued.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page