Coca-Cola European Partners plc Combination Completed; Creates World’s Largest Independent Coca-Cola Bottler Based on Net S...
May 28 2016 - 12:44AM
Business Wire
Coca-Cola European Partners plc (Ticker: CCE) announced today
that the combination of Coca-Cola Enterprises, Inc., Coca-Cola
Iberian Partners S.A.U., and Coca-Cola Erfrischungsgetränke GmbH is
now complete.
This combination creates the world’s largest independent
Coca-Cola bottler based on net sales and serves over 300 million
consumers across Western Europe, including Andorra, Belgium,
continental France, Germany, Great Britain, Luxembourg, Monaco, the
Netherlands, Norway, Portugal, Spain, and Sweden. With pro forma
2015 net sales of approximately €11 billion and pro forma 2015
EBITDA of approximately €1.8 billion, Coca-Cola European Partners
plc is a leading consumer packaged goods company in Europe.
Shares of Coca-Cola European Partners plc are expected to start
trading under the ticker symbol CCE simultaneously in Amsterdam,
New York, and London, on Tuesday, May 31, 2016, at 15:30 CEST/9:30
a.m. EDT/14:30 BST. In Spain, trading is expected to start on
Thursday, June 2, 2016, at 12:00 CEST/6:00 a.m. EDT/11:00 BST.
“With a collective heritage in Europe of over 100 years, the
three businesses, united under one of the most recognizable brands
in the world, are poised to become the leading bottler in the
Coca-Cola system,” said Sol Daurella, chairman of the board of
Coca-Cola European Partners plc. “Our ambition is simple: to create
a winning future together with The Coca-Cola Company. Coca-Cola
European Partners will continue to make the drinks that millions of
people love, while offering them more choice than ever before.”
John F. Brock, CEO of Coca-Cola European Partners plc, said
“This is a very exciting time for Coca-Cola European Partners, as
Europe continues to represent an outstanding platform for
long-term, profitable growth. Coca-Cola European Partners has the
portfolio, the customer relationships, and the innovation,
flexibility, scale, and speed needed to capture this opportunity.
In addition, our people are among the best in the business and
understand what it takes to win in Europe. All of this as we grow
together with our customers, employees, and local communities, is
in support of our ultimate goal: delivering increasing levels of
shareowner value.”
ABOUT CCEP
Coca-Cola European Partners plc (CCEP) is a leading consumer
packaged goods company in Europe, producing, distributing and
marketing an extensive range of nonalcoholic ready-to-drink
beverages and is the world’s largest independent Coca-Cola bottler
based on net sales. Coca-Cola European Partners serves a consumer
population of over 300 million across Western Europe, including
Andorra, Belgium, continental France, Germany, Great Britain,
Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain, and
Sweden. The company is listed on Euronext Amsterdam, the New York
Stock Exchange, Euronext London, and on the Spanish stock
exchanges, and trades under the symbol CCE. For more information
about CCEP, please visit www.ccep.com and follow CCEP on Twitter at
@CocaColaEP.
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”) and
other regulatory bodies, including our most recent SEC and other
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160527005902/en/
Coca-Cola Enterprises, Inc.Investor
RelationsThor Erickson, +1-678-260-3110orMedia
RelationsRos Hunt, +44 (0) 7528 251 022
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