2020 was a challenging year like no other, and I am very proud of how well we have managed through such a rapidly changing environment. That is down to the extraordinary work and commitment of our colleagues, supporting each other as well as our customers and communities, and to all of whom, I am sincerely grateful. The crisis also reinforced the power of our relationship with The Coca-Cola Company and our other brand partners. Our collective belief in continuing to invest in our core brands has served us well, gaining share
[4] both in the home channel and online. We also took meaningful actions to protect our performance, ending the year with strong free cash flow
Why the Coca-Cola Amatil (ASX:CCL) share price is pushing higher
James Mickleboro | February 1, 2021 10:12am |
More on:
In morning trade, the beverage company’s shares are up 0.5% to $13.15.
Why is the Coca-Cola Amatil share price pushing higher?
In November, the company revealed that it had entered into a scheme implementation deed with Coca-Cola European Partners for the acquisition of all of the issued shares held by independent shareholders via a scheme of arrangement.
This followed the receipt of an offer of $12.75 per share, less any final dividend paid before the date of implementation of any scheme. This represented a premium of 23% to the undisturbed one-week volume weighted average price at the time. It also valued the company at approximately $9.3 billion.
UBS asks wine types to taste test Villa Maria Estates
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Fancy affordable Kiwi plonk? Tee up a drink at UBS.
The Swiss bank is confidentially courting trade and private equity buyers for New Zealand’s most awarded winery, Villa Maria Estate.
UBS is in the market for Villa Maria Estates.
It is understood UBS is formally mandated to find Villa Maria a new investor or new owner and has a handful of interested parties counting barrels and tasting wine as part of a two part auction.
Sources said the auction was into the second and binding bid phase, and has included participation from some well known Australian private equity players to date.
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The Sydney Morning Heraldâs here and
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4.36pm on Feb 1, 2021
Markets wrap: Sharpest reversal in 10 months as ASX finishes higher
By Lucy Battersby
The local stock market made the sharpest reversal in ten months on Monday, leaving investors wondering how a steep decline could turn into a strong gain without any clear catalysts.
China s demand for one particular export has doubled in just one year despite a series of trade threats.
The Communist power s sanctions against Australia for perceived slights has failed to dent the finances of The a2 Milk Company, which is listed on the Australian share market.
Sales of its baby formula effectively doubled to $NZ337.7 million ($A316million) during the last financial year, and a2 has a $A250million aggressive expansion plan to increase its customer base in China.
The Trans-Tasman dairy firm based at Auckland in New Zealand has been exporting its a2 Platinum infant food to China since 2013.