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Coca-Cola Europacific Partners

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Coca-Cola European Partners plc
Company typePublic limited company
IndustryBeverages
Predecessors
  • Coca-Cola Enterprises, Inc.
  • Coca-Cola Iberian Partners, S.A.
  • Coca-Cola Erfrischungsgetränke AG
Founded2015 (2015)
Number of locations
50 bottling plants
Area served
Western Europe
Key people
Revenue12,000,000,000 Euro (2021) Edit this on Wikidata
Number of employees
27,000

Coca-Cola European Partners plc (CCEP) is a multinational bottling company dedicated to the marketing, production, and distribution of Coca-Cola products.[1]

Overview

Coca-Cola European Partners was created in August 2015 as a result of the merger of the three main bottling companies for The Coca-Cola Company in Western Europe i.e. Coca-Cola Enterprises, Coca-Cola Iberian Partners, S.A. and Coca-Cola Erfrischungsgetränke AG.[2] The proposed merger will create the world’s largest independent Coca-Cola bottler based on net revenues[3] and is estimated to result in a savings of between $350 million and $375 million within three years of closing.[3]

This merger would be similar to that of Coca-Cola Beverages Africa that would consolidate Coca-Cola bottling operations in East and Southern Africa.

Proposed ownership

The proposed ownership of Coca-Cola European Partners after the merger will be as follows:[2]

Coca-Cola European Partners Proposes Stock Ownership
Rank Name of Owner Percentage Ownership
1 Coca-Cola Enterprises 48
2 Coca-Cola Iberian Partners 34
3 The Coca-Cola Company 18
Total 100

See also

References

  1. ^ Esterl, Mike (6 August 2015). "Three Coca-Cola Bottlers Confirm Merger". The Wall Street Journal. News Corp. Retrieved 23 August 2015.
  2. ^ a b "Coca-Cola Enterprises, Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetränke AG to Form Coca-Cola European Partners". The Coca-Cola Company. 6 August 2015. Retrieved 23 August 2015.
  3. ^ a b Geller, Martinne (6 August 2015). "UPDATE 5-Three European Coca-Cola bottlers to merge". Reuters. Thomson Reuters. Retrieved 23 August 2015.
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