AUSTRALIA: Coca-Cola Amatil in talks with Visy on PET sale

By just-drinks.com editorial team | 27 May 2002

Soft drinks group Coca-Cola Amatil reported today that it is discussing the sale of its PET bottle-making assets in Australia and New Zealand with privately-held Visy Industries. The PET business has a book value of A$140m, however the Australian soft drinks maker said in a statement to the Australian Stock Exchange that it expects to be made at small premium to its book value.

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Soft drinks group Coca-Cola Amatil reported today that it is discussing the sale of its PET bottle-making assets in Australia and New Zealand with privately-held Visy Industries. The PET business has a book value of A$140m, however the Australian soft drinks maker said in a statement to the Australian Stock Exchange that it expects to be made at small premium to its book value.

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