Coca-Cola Europacific Partners plc (CCEP), formerly Coca-Cola European Partners (2016–2021) is a British-American [4][5] company formed as a result of the combination of the three main bottling companies for The Coca-Cola Company in Western Europe: Coca-Cola Enterprises, Coca-Cola Iberian Partners, S.A. and Coca-Cola Erfrischungsgetränke AG.[6] [7]and one bottling company in Asia-Pacific: Coca-Cola Amatil.[6] The multinational bottling company involved in the marketing, production, and distribution of Coca-Cola products and other drinks such as Capri-Sun, Monster and Relentless.[8]

Overview

Coca-Cola Europacific Partners was formed on 10 May 2021 by Coca-Cola European Partners' acquisition of Australian bottling company Coca-Cola Amatil. The new company maintained the CCEP stock tickers that its predecessor had used.

Coca-Cola European Partners was formed on 28 May 2016[9] as a result of the combination of the three main bottling companies for The Coca-Cola Company in Western Europe: Coca-Cola Enterprises, Coca-Cola Iberian Partners, S.A. and Coca-Cola Erfrischungsgetränke AG.[6] The combination created the world’s largest independent Coca-Cola bottler based on net revenues[10] and was estimated to result in a savings of between $350 million and $375 million within three years of closing.[10]

The merger was similar to that of Coca-Cola Beverages Africa, which consolidated Coca-Cola bottling operations in East and Southern Africa.

The company, with shares being traded in euros, has been listed on the London Stock Exchange since March 2019.[11]

See also

References