We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Coca-Cola Enterprises Inc. recently announced that its shareholders approved its pending merger with two other European bottlers of The Coca-Cola Company (KO - Free Report) at a special shareholders’ meeting held on May 24.
Last year, Coca-Cola Enterprises announced that it will merge with two other European bottlers of Coca-Cola — Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetränke AG — to form the world’s largest independent Coca-Cola bottler, Coca-Cola European Partners Limited (CCEP). The transaction is expected to close on or about May 28, 2016.
Coca-Cola Enterprises is a strategic western European bottler of Coca-Cola and has a 10-year bottling agreement with the latter, ending on Oct 2, 2020, for each of its territories.
Coca-Cola Enterprises will hold a 48% stake, while Coca-Cola will own an 18% in CCEP. Shares of CCEP are expected to start trading on stock exchanges in New York, London and Amsterdam from May 31.
Coca-Cola has been divesting and merging bottling operations in many international markets since 2014 to revamp its bottling system and drive margins. Additionally, the company entered into an agreement with beer and beverage company, SABMiller, and partner Gutsche Family Investments, to merge their bottling operations in Southern and East Africa and form the largest Coca-Cola bottling entity in Africa. Coca-Cola will have an 11% stake in the new African bottler. In China, it has agreed to refranchise the company-owned bottling operations to its existing partners, COFCO and Swire.
Coca-Cola Enterprises has a Zacks Rank #2 (Buy) while Coca-Cola has a Zacks Rank #3 (Hold). A couple of better-ranked stocks in the beverage sector are Primo Water Corporation (PRMW - Free Report) and Molson Coors Brewing Company (TAP - Free Report) . Both companies sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Coca-Cola Enterprises (CCE) Shareholders Approve Merger
Coca-Cola Enterprises Inc. recently announced that its shareholders approved its pending merger with two other European bottlers of The Coca-Cola Company (KO - Free Report) at a special shareholders’ meeting held on May 24.
Last year, Coca-Cola Enterprises announced that it will merge with two other European bottlers of Coca-Cola — Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetränke AG — to form the world’s largest independent Coca-Cola bottler, Coca-Cola European Partners Limited (CCEP). The transaction is expected to close on or about May 28, 2016.
Coca-Cola Enterprises is a strategic western European bottler of Coca-Cola and has a 10-year bottling agreement with the latter, ending on Oct 2, 2020, for each of its territories.
Coca-Cola Enterprises will hold a 48% stake, while Coca-Cola will own an 18% in CCEP. Shares of CCEP are expected to start trading on stock exchanges in New York, London and Amsterdam from May 31.
Coca-Cola has been divesting and merging bottling operations in many international markets since 2014 to revamp its bottling system and drive margins. Additionally, the company entered into an agreement with beer and beverage company, SABMiller, and partner Gutsche Family Investments, to merge their bottling operations in Southern and East Africa and form the largest Coca-Cola bottling entity in Africa. Coca-Cola will have an 11% stake in the new African bottler. In China, it has agreed to refranchise the company-owned bottling operations to its existing partners, COFCO and Swire.
Coca-Cola Enterprises has a Zacks Rank #2 (Buy) while Coca-Cola has a Zacks Rank #3 (Hold). A couple of better-ranked stocks in the beverage sector are Primo Water Corporation (PRMW - Free Report) and Molson Coors Brewing Company (TAP - Free Report) . Both companies sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>