Add articles to your saved list and come back to them any time.The European arm of Coca-Cola, the world's largest independent soft drink bottler, is in talks to acquire Australia's Coca-Cola Amatil to expand in Asia Pacific, according to people familiar with the matter.
Negotiations between the European and Australian bottlers are advanced and could be announced within days.Coca-Cola Amatil, based in North Sydney, has a market value of about $7.8 billion. Trading in its shares was halted on October 23 pending an announcement on a "potential material transaction." British based Coca-Cola European Partners has a market value of about US$17.7 billion.
Coca-Cola European Partners is interested in a majority acquisition of Coca-Cola Amatil, though some of the people said it's also previously discussed asset purchases.
AXA, Redux
Bloody Europeans taking over Aussie drinks.... Don't sell they need to remain in Aussie hands..
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