General
Coca-Cola’s Australian rightsholder set to be sold off to Europe
It has been sold in Australia for decades with help from local celebrities and even become part of Sydney’s cityscape. But now Coca-Cola is set to lose its local flavour.
Key points:
- Investors will vote today on whether to sell Australian company Coca-Cola Amatil to Europe
- Europe is offering $9.8 billion
- CCA controls the rights to the famous brand Coca-Cola in Australia and has many factories here to make it
Investors will today vote on whether to sell the Australian bottler Coca-Cola Amatil (CCA) to Coke’s European offshoot for $9.8 billion.
Investment analyst Paul Rickard owns shares in CCA and said the sell-off was highly likely.
“I’m voting in favour as I expect most shareholders will do,” he said.
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