What is happening with Coca-Cola Amatil?

Shareholders have overwhelmingly voted to sell Australian bottler Coca-Cola Amatil (CCA) to Coke’s European offshoot for $9.8 billion. Investment analyst Paul Rickard, who owns shares in CCA, was one of those who voted in favour of the deal on Friday morning.

Who is buying Coca-Cola Amatil?

Coca-Cola European Partners said Peter West will take the helm of Coca-Cola Amatil’s Australian, Pacific and Indonesia businesses following its successful $9.8 billion takeover.

Does Coca-Cola Amatil sell alcohol?

Our business. Coca-Cola Amatil Australia prepares, sells and distributes a leading range of over 30 non-alcoholic beverage brands, as well as premium portfolio of 100 alcohol and coffee brands to approximately 110,000 customers.

Is Coca-Cola Amatil on the ASX?

If you were not a shareholder in the beverage giant, it may have escaped your attention that Coca-Cola shares are, in fact, no longer trading on the ASX. As a result, Coca-Cola Amatil shares ceased trading on the ASX in April this year after 117 years of local corporate history.

Who owns SPC Australia?

Shepparton Partners Collective Pty Ltd
Coca-Cola Amatil
SPC Australia/Parent organizations

Is Coke made in Australia?

Today, Coca-Cola Australia and Coca-Cola Amatil employ almost 4,000 employees directly, with another 10,000 employed through production and supply and locally it now offers 165 drinks across 25 brands. 2018 is the 80th anniversary of Coca-Cola being made in Australia.

Is Coca-Cola Amatil a good buy?

The overall consensus recommendation for Coca-Cola Amatil is Hold.

Who makes Coca-Cola in Australia?

In 2018, Coca-Cola Australia and Coca-Cola Amatil employ almost 4,000 employees directly, with another 10,000 employed through production and supply. We call this partnership the Coca-Cola System.

Who is the owner of Coca Cola Amatil Australia?

But now Coca-Cola is set to lose its local flavour. Investors will today vote on whether to sell the Australian bottler Coca-Cola Amatil (CCA) to Coke’s European offshoot for $9.8 billion. Investment analyst Paul Rickard owns shares in CCA and said the sell-off was highly likely.

How much is Coca Cola being sold in Australia?

It has been sold in Australia for decades with help from local celebrities and even become part of Sydney’s cityscape. But now Coca-Cola is set to lose its local flavour. Investors will today vote on whether to sell the Australian bottler Coca-Cola Amatil (CCA) to Coke’s European offshoot for $9.8 billion.

Who is the rights holder for Coca Cola in Australia?

It started buying up local franchise rights to the iconic American brand Coca-Cola in the 1960s and now controls the brand’s production and distribution for all of Australia. It makes the brown fizzy drink at factories across the country and bottles it for sale for outlets from supermarkets through to cinemas.

When did Coca Cola Australia buy SPC canned fruit?

One of its more unpopular decisions was buying up Australian canned fruit company SPC in 2005. It pumped $250 million into it over 14 years and then sold if off for just $15 million profit. CCA floated on the ASX in the 1970s and was once a top 10 company.