(Reuters) – Coca-Cola Amatil reported Monday that a European bottle of Coca-Cola Co. has raised the takeover offer by about 6% to A $ 9.93 billion ($ 7.70 billion) as global trading conditions improve.
Coca-Cola European Partners (CCEP) PLC is now offering A $ 13.5 per share, a hike from A $ 12.75 per share it was offering in October. Australian bottles said it supports the new final offer, which would be Australia’s biggest deal this year.
“The economic situation for Australia and New Zealand has improved since the original CCEP proposal was announced and recent trade confirms our strategy and demonstrates our strong excellence,” said Amatil Chair Ilana Atlas.
In January, Amatil said strong demand in Australia and New Zealand over the fourth quarter, reflecting Australia’s success in tackling the pandemic and the growing economic outlook. better.
Coca-Cola Co. owns 31% of the Australian company and 19% of London-based CCEP
($ 1 = 1.2890 Australian dollars)
Reporting by Nikhil Kurian Nainan in Bengaluru; Edited by Daniel Wallis and Diane Craft