just the facts - Coca-Cola Co, CCE deal at a glance
Deal to save Coca-Cola Co $350m annually
just-drinks picks out the essential facts from Coca-Cola Co's deal to acquire the North American operations of its largest bottler, Coca-Cola Enterprises (CCE).
- Coca-Cola Co to take control of CCE operations in US and Canada. Deal described as largely "non-cash".
- European arm of CCE to continue as separate entity and will acquire Coca-Cola Co bottling operations in Norway and Sweden for US$822m. It also has the option to acquire Coca-Cola Co's Germany bottling ops.
- Deal to create $350m of annual synergies within four years for Coca-Cola Co and will benefit group earnings per share by 2012.
- CCE shareholders to get $10 per share plus equivalent shareholding in the new CCE 'Europe'. CCE shareholders will get a collective $4bn in cash from the deal.
- CCE handles 75% of Coca-Cola Co soft drinks volumes in the US and all of the company's volumes in Canada.
- The combined North American entity would have had net sales of $19.2bn in 2009.
- Coca-Cola Co to rename North American operations Coca-Cola Refreshments USA and Coca-Cola Refreshments Canada.
- Deal to close in Q4 2010.
For an update on the deal, following Coca-Cola Co's conference call, click here.
In this briefing, Euromonitor International focuses on opportunities for growing global carbonates category volume. As part of the report, Euromonitor International looks to identify growth opportunit...
- Interview Berry Bros & Rudd CEO Dan Jago - Part I
- The threat of excess choice in beer is over-stated
- Key trends for the spirits sector in 2017 - Focus
- Signs of life in Japan's beer market - Comment
- Key trends for the beer category in 2017 - Focus
- Pernod Ricard's Method and Madness Irish whiskey
- Pernod unveils new St Patrick's Day Jameson bottle
- Premium to counter mainstream in gin - research
- Diageo faces US$68m payout after SAP court loss
- Wm Grant names Victor Jerez business director
- Global vodka insights - market forecasts, product innovation and consumer trends
- Global rum insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Global Cognac insights - market forecasts, product innovation and consumer trends
- Global gin insights - market forecasts, product innovation and consumer trends