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CCEP to takeover Coca-Cola Amatil

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Miguel A. Rodriguez
Miguel A. Rodriguez
17 February 2021
CCEP to takeover Coca-Cola Amatil

The week started with a possible agreement between Coca-Cola European Partners (CCEP) and its Australian peer, Coca-Cola Amatil.

CCEP announced today that was raising its initial offer by 6% per share, a boost which pushes the value of the Amatil at $7.70 billion. Amatil backs to offer, making it the largest Australian deal so far this year. After the deal was made public in October 2020, shares of Amatil gained steadily, even reaching an eight-year high.

According to experts, the deal will unite two companies that bottle and distribute Coca-Cola drinks while giving CCEP a platform to consolidate its position in Asia.

So far, CCEP revealed that would buy 10.8% of Coca-Cola’s stake in Amatil in cash, without addressing how it would purchase the rest.

Following the news, Coca-Cola Amatil stock price gained 2.13%

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Sources: reuters.com, finance.yahoo.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.