News

ICELAND/FINLAND: Carlsberg and Coca-Cola take two steps towards final agreement

Most popular

What will be Pernod Ricard's priorities?

What are Diageo's priorities for the years ahead?

Why consumers want more experiential marketing

Pernod Ricard Performance Trends 2014-2018 - data

MORE

Carlsberg and The Coca-Cola Company have been in negotiations since June this year over their future co-operation on production, distribution and sale of Coca-Cola products in Denmark, Norway, Sweden Finland and Iceland, and the partners have now taken the first two steps towards a final agreement. The final agreement is expected to be in place around the end of the year.In Iceland, negotiations have begun regarding a management buy-out of Coca-Cola Vifilfell with a group of local investors, who are interested in continuing the production and sale of Coca-Cola products as a local company.In Finland, the 100 per cent Carlsberg-owned brewery Sinebrychoff and Coca-Cola Juomat have signed a Letter of Intent regarding Sinebrychoff's assumption of production, sale and distribution of Coca-Cola products in Finland. A signed Letter of Intent is required in order for the parties to begin negotiations on overlapping functions.The consolidation of the operations of Sinebrychoff and Coca-Cola Juomat is dependent on the negotiations between Carlsberg and The Coca-Cola Company being successfully completed. The consolidation then will further require the approval of the Finnish competition authorities. Negotiations between Carlsberg and The Coca-Cola Company regarding Coca-Cola Nordic Beverages (CCNB) began after Carlsberg and the Norwegian company Orkla announced plans on May 31 this year to include Orkla's beverage activities in a new company, Carlsberg Breweries.CCNB is a joint venture between Carlsberg (51 per cent) and The Coca-Cola Company (49 per cent), which is responsible for bottling, distribution and sale of Coca-Cola products in the Nordic region.


Related Content

Coca-Cola European Partners Q1 2018 - results data

Coca-Cola European Partners Q1 2018 - results data...

Monster Beverage Corp and Coca-Cola Co in energy drinks spat

Monster Beverage Corp and Coca-Cola Co in energy drinks spat...

Coca-Cola European Partners Q1 2017 by region - results data

Coca-Cola European Partners Q1 2017 by region - results data...

Coca-Cola European Partners 2017 - results data

Coca-Cola European Partners 2017 - results data...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?