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US: Coke kills CCE buy-up talk - report

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The Coca-Cola Co. has reportedly dismissed suggestions that it is to buy its largest bottler.

Speculation has intensified this month that Coke is mulling a move for Coca-Cola Enterprises. The purchase would probably cost Coke somewhere in the region of US$20bn.

Speaking to reporters in Moscow earlier this week, however, Coke's CEO, Neville Isdell, finally put the rumours to rest. "We have no intention to buy CEE," he is reported saying.

Earlier this month, Bill Pecoriello, an analyst with Morgan Stanley, said that "the probability of a deal - and the rationale for doing it - is growing".

No-one was available for comment at Coke when contacted by just-drinks today (30 November).


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