Coca-Cola European Partners, a major European fast-moving consumer goods company and the world’s largest independent Coca-Cola bottler based on net sales, began trading today on the Amsterdam and London markets of Euronext.
After opening, the first market price was €34.15 per share. The total market capitalisation of Coca-Cola European Partners at opening was approximately €16.5 billion.
Coca-Cola European Partners is a new company created by the merger of three Western European bottlers, Coca-Cola Enterprises Inc, Coca-Cola Iberian Partners SAU and Coca-Cola Erfrischungsgetränke GmbH. The company serves over 300 million consumers across 13 countries in Western Europe and has pro forma annual net sales for 2015 of approximately € 11 billion, a volume of approximately 2.5 billion unit cases and EBITDA of €1.8 billion.
John Brock, CEO of Coca-Cola European Partners, said: “We are very pleased to be in Amsterdam today to celebrate the beginning of public trading for Coca-Cola European Partners. Europe represents a strong platform for long-term sustainable growth and Coca-Cola European Partners has the portfolio, the customer relationships and the innovation, flexibility, speed and scale needed to capture this opportunity. By listing on Euronext in Amsterdam and London, we are able to reach new investors and harmonise our listing with our operations.”
John Brock, CEO of Coca-Cola European Partners and Sol Daurella, Chairman of Coca-Cola European Partners, celebrated the company’s listing by sounding the gong in Amsterdam which denotes the opening of trading of Coca-Cola European Partners on Euronext.
Next Finance , June 2016
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