Coca-Cola bottlers agree to three-way combination

August 6, 2015 11:46 AM

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Coca-Cola bottlers agree to three-way combination

LONDON Coca-Cola Enterprises (CCE.N), a European soft drink bottler, is to combine with Coca-Cola Iberian Partners (CCIP) and the German bottling business of Coca-Cola Co (KO.N), the companies said on Thursday, creating the world's largest independent bottler of Coke drinks with business in 13 countries.

The new company, to be called Coca-Cola European Partners, will have annual revenue of $12.6 billion and operating earnings of $2.1 billion.

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