Coca-Cola European Partners in talks to buy Coca-Cola Amatil

FAN Editor

October 24, 2020

(Reuters) – Coca-Cola European Partners <CCEPC.L> is in advanced talks to acquire Australia’s Coca-Cola Amatil <CCL.AX>, Bloomberg News reported on Saturday.

The details of the deal which has not yet been finalised could be announced within few days, Bloomberg reported, citing people familiar with the matter.

A deal would be the largest involving an Australian company this year, Bloomberg said.

U.S.-based Coca-Cola Co <KO.N> owns a 19.11% stake in Coca-Cola European Partners, the world’s largest independent bottler of Coca-Cola, Refinitiv Eikon data shows.

Shares in bottler Coca-Cola Amatil were halted on Thursday pending an announcement on a “potential material transaction”.

Neither company could be reached for comment outside business hours.

(This story was refiled to add attribution in headline.)

(Reporting by Rebekah Mathew in Bengaluru; editing by Jason Neely)

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