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following implementation of the acquisition of Coca-Cola Amatil Ltd Following the implementation of the Scheme of Arrangement to acquire Coca-Cola Amatil Ltd on 10 May 2021, CCEP is today hosting a virtual investor event for institutional investors and analysts. The meeting will be hosted by Sarah Willett, Vice President, Investor Relations & Corporate Strategy. Key speakers will include Chairman Sol Daurella, Chief Executive Officer Damian Gammell, Chief Financial Officer Nik Jhangiani, and General Manager for the newly named API (Australia, Pacific and Indonesia) business unit Peter West. Sol Daurella, Chairman of CCEP, said: We are excited to welcome Coca-Cola Amatil s great colleagues to Coca-Cola Europacific Partners and look forward to a more diversified future with sustainability at the heart of everything we do. We have a proven track record in successfully bringing together talent, culture and best practice to c
Abishek Chand
22 April, 2021, 10:15 pm
CCEP has also entered into an agreement with the Coca-Cola Company
(TCCC) to acquire all of TCCC’s shares in Amatil (together with the Scheme,
this is the CCEP Acquisition). Picture: SUPPLIED
COCA-COLA European Partners plc (CCEP) has acquired Coca-Cola Amatil Ltd according to a market announcement from the company yesterday.
According to the announcement Paradise Beverages (Fiji) Ltd (PBF) advised that a Scheme of Arrangement (Scheme) pursuant to which all of the shares held by the independent shareholders of Coca-Cola Amatil Ltd (Amatil) would be acquired by Coca-Cola European Partners plc (CCEP) had become legally effective.
Coca-Cola Amatil (ASX:CCL) share price slides as shareholders vote
Bernd Struben | April 16, 2021 10:29am |
More on: Image source: Getty Images
Coca-Cola Amatil Ltd(ASX: CCL) shares are slumping lower on Friday. At the time of writing, the Coca-Cola Amatil share price is sliding 1.26% to $13.29.
This comes as shareholders of the
S&P/ASX 200 Index (ASX: XJO) listed beverage giant are voting on the long-proposed acquisition by
Coca-Cola European Partners (CCEP).
Shareholders are meeting virtually this morning in Amatil’s Independent Shareholder Scheme Meeting, being held by management in Sydney.
What exactly are shareholders voting on?
Yesterday, after market close, Coca-Cola Amatil announced that the New Zealand Overseas Investment Office (OIO) had given the green light for CCEP to acquire up to 100% of the shares in Amatil. That ticked the last box needed to meet all the regulatory approval conditions precedent under the Implementation Deed.
St Barbara Ltd (ASX: SBM) could have a strong day after the gold price stormed higher. According to CNBC, the spot gold price is up 1.6% to US$1,764.70 an ounce. The precious metal was in demand with traders after bond yields retreated.
Bank of Queensland given buy rating
The
Bank of Queensland Limited (ASX: BOQ) share price is in the buy zone according to analysts at Goldman Sachs. The broker was pleased with its half year results on Thursday and responded by retaining its buy rating and lifting its price target to $9.83. Goldman believes that Bank of Queensland’s guidance for the full year is conservative and expects the bank to outperform it.