OREANDA-NEWS. May 30, 2016. 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 Erfrischungsgetr?nke 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 EuronextAmsterdam, 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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