Australian arm of Coca Cola may be purchased by its European sibling
The European arm of Coca-Cola is in talks to acquire Australia's Coca-Cola Amatil
- Reports are the negotiations are advanced
- could be announced within days
- Coca-Cola Amatil has a market value around AUD7.8 bn
- trading in its shares was halted on Oct 23
This has obvious euro AUD implications. Do be aware though the hedge may be a;ltready in place.
UPDATE - a bid has been made, Coca Cola Europa has made an offer to buy CC AMAtil at AUD 12.75 a share