Coca-Cola European Partners Lists on the Main Market of London Stock Exchange
Coca-Cola European Partners (CCEP), the world’s largest Coca-Cola bottler by revenue, generating sales last year of €11.5 billion and operating profit of €1.6 billion, has commenced trading on the Main Market of London Stock Exchange. The company operates across 13 countries in Western Europe.
The move does not impact on CCEP’s listing on the New York Stock Exchange (“NYSE”), Euronext Amsterdam or the Spanish stock exchanges (Madrid, Barcelona, Bilbao and Valencia).
Damian Gammell, chief executive of CCEP, says: “The formation of CCEP was always about a bigger and bolder vision beyond the merger. Three years on, we are building a sustainable company on three pillars: great beverages, great service and great people. We feel this is the perfect time to move our UK listing to London Stock Exchange. We have a solid track record and we operate in the large and growing Western European non-alcoholic ready to drink market, where we have a leading position with the world’s best brands.”
Nik Jhangiani, chief finance officer at CCEP, says: “We believe we have an attractive and exciting investment story, as we continue to expand our total beverage portfolio while strengthening core capabilities that will drive sustainable success. By joining Europe’s leading stock exchange, we seek to increase visibility of our story alongside improving market access for investors, thereby enhancing liquidity.”
