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.

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