At the center, Sol Daurella, president of Coca-Cola Iberian Partner, will chair the new group, Coca-Cola European Partners.
The main bottlers European Coca-Cola announced yesterday an agreement to merge into a new company, Coca-Cola European Partners, based in London. The merger of Coca-Cola Iberian Partners with Coca-Cola Enterprises listed and the German Coca-Cola Erfrischungsgetränke (100% controlled by the US multinational) will result in the “largest independent bottler globally”, with a turnover of around US $ 12,600 million.
The new group, which has among its objectives listed on the New York Stock Exchange, Amsterdam and Madrid, worth 28,000 million euros (US $ 30.595 million), including debt, as close to the deal quoted by the newspaper Expansion sources. Without debt, market value will reach 20,650 million euros. If you entered the Ibex 35, the action would be among the top ten of the index and the level of Endesa.
Coca-Cola Iberian Partners will control 34% of the new company and its current president, Sun durella he will direct Coca-Cola European Partners. The US multinational will have 18% stake. The remaining 48% is distributed among the current shareholders of Coca-Cola Enterprises. These shareholders will receive one share of the new company and a cash payment of US $ 14.50 per share.
The new group will produce and distribute drinks brand in thirteen European countries totaling 300 million consumers. The merger will generate significant operational synergies are expected to materialize in cost savings of up to US $ 375 million in the three, according to initial estimates.
Challenge to Obama
The deal is structured as a fiscal investment, allowing Coca-Cola Enterprises, the only one of the three bottlers that is already listed on the stock market, reduce their exposure to US tax and create a new address attorney for the company. This makes the merger is seen also as a challenge to the administration of President Barack Obama, which aims to curb investments seeking to escape the high US corporate tax, appropriated Financial Times
<-.! Lower Banners - ->
No comments:
Post a Comment