Vending

Coca-Cola Amatil accepts European bottler’s takeover offer

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April 16, 2021

Coca-Cola Amatil's independent shareholders voted to accept Coca-Cola European Partners' offer to acquire the Australian firm for A$9.93 billion ($7.68 billion), according to a Reuters report. CCEPC is Coca-Cola's European bottling arm.

CCEP increased its takeover offer in February to A$13.5 ($10.44) per share from A$12.75 (%9.86).

The acquisition gives CCEP a platform to consolidate in Asia.

New Zealand's Overseas Investment Office approved the transaction on Wednesday, although approval is still needed from an Australian court.

Amatil said it expects to pay shareholders a final dividend of A$0.18 per share at the end of April.