In this news, we discuss the Coca-Cola European Partners in talks to buy Coca-Cola Amatil.
(Reuters) – Coca-Cola European Partners CCEPC.L is in advanced talks to acquire Coca-Cola Amatil CCL.AX in Australia, Bloomberg News reported on Saturday.
Details of the deal, which has yet to be finalized, could be announced within days, Bloomberg reported, citing people familiar with the matter.
A deal would be the largest involving an Australian company this year, Bloomberg said.
US-based Coca-Cola Co KO.N has a 19.11% stake in Coca-Cola European Partners, the world’s largest independent Coca-Cola bottler, according to data from Refinitiv Eikon.
Shares in bottler Coca-Cola Amatil were suspended on Thursday pending an announcement of a “potential major transaction.”
The Nieth company could be contacted for comment outside of business hours.
Reporting by Rebekah Mathew in Bengaluru; edited by Jason Neely
Original © Thomson Reuters