Coca-Cola European Partners will go public in early June – Financial Journal

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Coca-Cola European Partners, the giant bottler emerged from the merger of Coca-Cola Iberian Partners, Coca-Cola Enterprises and German bottler, plans debut in the Madrid stock Exchange in the first week of June, expected on day 2.

the company will not make or an IPO (Initial Public Offering) or an Initial Public Offering (IPO) of shares, but hit the floors by a listing, which involves direct entry into the market shares of Coca-Cola Enterprises that are already listed in New York.

the company, which is Europe’s largest goods consumer, will be listed on the Madrid, London, Amsterdam and New York will be chaired by Sol Daurella, current president of the Iberian bottler. The Daurella family and the other Spanish partners are the main shareholders of the new company with 34%.

owners
addition of 34% will be in Spanish hands ; 48% will of the shareholders of Coca-Cola Enterprises, whose titles already listed on the New York Stock Exchange. These actions, which constitute the initial free float of the new group, are held by pension funds and fund managers. The remaining 18% of the major European bottler will The Coca-Cola Company.

The Spanish shareholders have a lock-up (commitment to remain a shareholder) of 365 days, a period in which no they may sell their shares. Shareholders thus give a signal of continuity and confidence in the new company.

The brochure of the IPO will be presented in the UK, which will host the company, which once received there approval, the Spanish Comisión Nacional del Mercado de Valores (CNMV) only need to validate your authorization. As a listing, there will be no price band, but will be supply and demand that set the price, although they shall refer the share price in New York of Coca-Cola Enterprises.

Quote
media session at $ 50.13 yesterday traded, representing a market capitalization of 11,433 million dollars. Current shareholders of Coca-Cola Enterprises will receive one share of Coca-Cola European Partners for every one in their possession, plus a premium of $ 14.5.

The new company, which is the largest Coca-Cola bottler in Europe, will have a market capitalization of close to 20,600 million euros and will be among the largest in the Spanish stock market. Only exceed five companies of the Spanish stock market at current prices.

Coca-Cola European Partners brings together business bottlers nine countries, among which are Spain, France, UK and Germany, among others.

the last step before the IPO will take place on Tuesday, day 24, when Coca-Cola Enterprises, the listed US, approve the operation.

Coca-Cola objective of European Partners is to grow in several ways. On the one hand, through organic growth (soft drinks market grew at a rate of 1.3% last year). is also expected to have greater growth in the segment of non-carbonated beverages (soft drinks, water and juices), where Coca-Cola is present through Aquarius, Aquabona and Nestea.

The Spanish bottlers of Coca -cola now lead the restructuring of Coca-Cola in Europe. But previously they had to perform a merger, because until two years ago bottlers were regional and independent businesses.

Coca-Cola European Partners achieved sales of US $ 12,185 million in 2015 (according to data proforma). The operating profit was 1,600 million and EBITDA (gross operating profit) of US $ 2,041 million. The company goes on to list a debt of US $ 7,500 million, but has maintained the credit rating of the S & amp agencies; P and Moody’s

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