Coca-Cola Amatil shares will cease trading from the end of the day today after fifty years as a listed company with new owners announcing that from May it will be known as Coca-Cola Europacific Partners as Coca-Cola Amatil (Amatil) and Coca-Cola European Partners (CCEP) join together following.
Coca-Cola Europacific Partners will be the world’s largest Coca-Cola bottler and one of the leading FMCG companies in the world. The company will employ over 33,000 people, serving approximately 2 million customers in 26 countries.
We are excited to bring together two of the world’s best bottlers under a new name – Coca-Cola Europacific Partners.
CEO, Coca-Cola European Partners, Damian Gammell said: “This is a significant moment for Coca-Cola Amatil and Coca-Cola European Partners, and our new name reflects what will be a broader and more balanced geographic footprint, doubling our consumer reach. As one company, we can go further together, driving growth and scaling faster.
“Our business is built on great people, great service and great beverages – done sustainably, creating value that benefits all stakeholders. “
The proposed acquisition of Coca-Cola Amatil was announced in October 2020, and was approved by Amatil’s shareholders on Friday.
The company will continue to be listed on Euronext Amsterdam, the New York Stock Exchange, London Stock Exchange and on the Spanish Stock Exchanges, and will continue to trade under the symbol CCEP.
The Supreme Court of New South Wales today approved Coca Cola Amatil’s Scheme of Arrangement (Scheme) on Tuesday. Shareholders voted overwhelmingly support the Scheme in a virtual meeting last Friday.
Of the votes cast by independent shareholders last week, 99.03 per cent were in favour of the $9.8 billion takeover offer by Coca-Cola European Partners (CCEP).
All shares held by independent shareholders of Amatil will be acquired by CCEP. On 109 May, shareholders will be sent $13.32 cash per Amatil share (based on shares held at 7:00pm (Sydney time) on 3 May 2021). They will also receive a $0.18 dividend as announced in February.
The US Coca Cola parent company owns one third of Coca-Cola Amatil. CCEP has reached a separate agreement to buy their 30 per cent stake for $10.75 a share, giving CCEP 100 per cent ownership of Amatil. Atlanta owns 19.5 per cent of Coke Europe so will continue to have a significant voice in the operations across Australia, New Zealand, Indonesia, Fiji, Samoa and Papua New Guinea, all of which are encompassed under the Amatil umbrella.