Coca-Cola Enterprises, Inc. Shareowners Approve Transaction to Create Coca-Cola European Partners plc; Closing Expected in Co...
May 24 2016 - 8:20AM
Business Wire
Coca-Cola Enterprises, Inc. (NYSE: CCE)(Euronext Paris: CCE)
announced today that its shareowners have approved the pending
transaction to create Coca-Cola European Partners plc. CCE
shareowner approval represents a key step in the process of
completing the transaction. A European Union listing prospectus is
expected to be finalized on or about May 25, 2016, and closing is
expected to occur on or about May 28, 2016.
After the closing of the transaction, Coca-Cola European
Partners will be the world’s largest independent Coca-Cola bottler
based on net sales and will combine the bottling operations of
Coca-Cola Enterprises, Inc., Coca-Cola Iberian Partners, S.A.U.,
and Coca-Cola Erfrischungsgetränke GmbH.
Shares of Coca-Cola European Partners are expected to start
trading simultaneously in New York, London, and Amsterdam on
Tuesday, May 31, 2016, at 9:30 a.m. EDT/14:30 BST/15:30 CEST. In
Spain, trading is expected to start on Thursday, June 2, 2016, at
6:00 a.m. EDT/11:00 BST/ 12:00 CEST.
“The creation of Coca-Cola European Partners will generate
important benefits for each of our stakeholders,” said John F.
Brock, chairman and chief executive officer of CCE. “As a larger,
consolidated organization, the three companies will be positioned
to realize synergies, capture marketplace opportunities, and to
deliver shareowner value.”
ABOUT CCE
Coca-Cola Enterprises, Inc. is the leading Western European
marketer, producer, and distributor of nonalcoholic ready-to-drink
beverages and one of the world’s largest independent Coca-Cola
bottlers. CCE is the sole licensed bottler for products of The
Coca-Cola Company in Belgium, continental France, Great Britain,
Luxembourg, Monaco, the Netherlands, Norway, and Sweden. CCE
operates with a local focus and has 17 manufacturing sites across
Europe, where the company manufactures nearly 90 percent of its
products in the markets in which they are consumed. Sustainability
is core to CCE’s business, and the company has been recognized by
leading organizations in North America and Europe for its progress
in water use reduction, carbon footprint reduction, and recycling
initiatives. For more information about CCE, please visit
www.cokecce.com and follow the company on Twitter at @cokecce.
FORWARD-LOOKING STATEMENTS
Included in this news release are forward-looking management
comments and other statements that reflect management’s current
outlook for future periods. As always, these expectations are based
on currently available competitive, financial, and economic data
along with our current operating plans and are subject to risks and
uncertainties that could cause actual results to differ materially
from the results contemplated by the forward-looking statements.
The forward-looking statements in this news release should be read
in conjunction with the risks and uncertainties discussed in our
filings with the Securities and Exchange Commission (“SEC”),
including our most recent Form 10-K and other SEC filings.
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of
any vote or approval.
In connection with the proposed transaction, Coca-Cola European
Partners has filed with the SEC a registration statement on Form
F-4 that includes a definitive proxy statement/prospectus regarding
the proposed transaction. A definitive proxy statement/prospectus
and a proxy supplement were mailed to CCE’s shareowners in
connection with the proposed transaction.
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version on businesswire.com: http://www.businesswire.com/news/home/20160524005958/en/
Coca-Cola Enterprises, Inc.Investor
Relations:Thor Erickson, +1-678-260-3110orU.S. Media
Relations:Fred Roselli, +1-678-260-3421orEuropean
Media Relations:Ros Hunt, +44 (0) 7528 251 022
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