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FRANCE: Coca-Cola Enterprises approved for secondary listing

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Coca-Cola Enterprises (CCE) has received approval for a second listing, in Europe, that will complement its presence on the New York Stock Exchange.

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Yesterday (17 May), the French Autorité des Marchés Financiers approved the listing on the NYSE Euronext in Paris. The Coca-Cola bottler, which sold its North American business to The Coca-Cola Co last year, confirmed in March that it would seek a secondary listing of its ordinary shares on the 'Professional Segment' of NYSE Euronext in Paris.

Shares are expected to begin trading before the end of May.

The European presence will complement CCE's primary listing on the NYSE. "As a European-focused business headquartered in the US and listed on the NYSE," the company said in March, "CCE can easily and efficiently obtain a secondary listing on the NYSE Euronext in Paris through its Fast Path programme."


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