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Coca-Cola Europacific Partners

In today's world, Coca-Cola Europacific Partners has become a topic of great importance and debate. The relevance of Coca-Cola Europacific Partners has transcended different areas, from science to popular culture, generating conflicting opinions and triggering endless discussions. The importance of understanding and addressing Coca-Cola Europacific Partners comprehensively is fundamental, since its implications not only impact at the individual level, but also have repercussions at the collective level. In this article, we will explore various perspectives on Coca-Cola Europacific Partners, analyzing its meaning, implications, and how it has shaped our current society.

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Coca-Cola Europacific Partners plc
Company typePublic
ISINGB00BDCPN049
IndustryBeverages
Predecessors
Founded
  • 28 May 2016 (2016-05-28) (as Coca-Cola European Partners)
  • 10 May 2021 (2021-05-10) (as Coca-Cola Europacific Partners)
HeadquartersUxbridge, England
Number of locations
42 bottling plants
Area served
  • Europe
  • Australia
  • Asia-Pacific
  • Indonesia
  • Philippines
Key people
Sol Daurella (chairman)
Damian Gammell (CEO)
ProductsRegular, low- and no-calorie beverages including energy drinks, still and sparkling waters, juices and juice drinks, sports drinks, and ready-to-drink teas
Brands54 brands (incl. Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite)[1] and List of The Coca-Cola Company products
RevenueIncrease €20.438 billion (2024)[2]
Decrease €2.132 billion (2024)[2]
Decrease €1.444 billion (2024)[2]
Total assetsIncrease €31.1 billion (2024)[3]
Total equityIncrease €8.489 billion (2024)[3]
Owners
Number of employees
41,000 (2024)[3]
Websitewww.cocacolaep.com
Footnotes / references
[4]

Coca-Cola Europacific Partners plc, also known as CCEP, is a British[5][6] multinational bottling company operating as world's largest independent Coca-Cola bottler by net revenue. Involved in the marketing, production, and distribution of Coca-Cola products, and other drinks such as Capri-Sun, Monster and Relentless,[7] CCEP is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.[8]

Formerly known as Coca-Cola European Partners (2016–2021), the company formed as a merger of the three main bottling companies for The Coca-Cola Company in Western Europe. In 2021 it acquired with Australian bottling company Coca-Cola Amatil to form Coca-Cola Europacific Partners.[9]

Overview

The company was formed as Coca-Cola European Partners on 28 May 2016 as a result of the combination of the three main bottling companies for The Coca-Cola Company in Western Europe: Coca-Cola Enterprises, Coca-Cola Iberian Partners, S.A. and Coca-Cola Erfrischungsgetränke AG. The combination created the world's largest independent Coca-Cola bottler based on net revenues[10] and was estimated to result in a savings of between $350 million and $375 million within three years of the merger.[10]

The company was first listed on the London Stock Exchange in March 2019, with shares being traded in euros.[11]

Following the acquisition of Australian bottling company Coca-Cola Amatil, the company changed its name from Coca-Cola European Partners to Coca-Cola Europacific Partners on 10 May 2021.[9]

In December 2022, the company bought the naming rights to Erebus Motorsport in the Supercars Championship. The team competed under the name Coca-Cola Racing by Erebus for the 2023 and 2024 seasons.[12]

On 23 February 2024, Philippine-based Aboitiz Equity Ventures Inc. (AEV) announced that it has jointly acquired Coca-Cola Beverages Philippines Inc. together with Coca-Cola Europacific Partners (CCEP) for $1.8 billion on a debt-free, cash-free basis. CCEP will hold a 60% stake, while Aboitiz Equity Ventures will take up the remaining 40% stake.[13][14]

See also

References

  1. ^ "Our brands". Coca-Cola Europacific Partners. 21 March 2024. Retrieved 3 March 2025.
  2. ^ a b c "Annual Results 2024". Coca-Cola Europacific Partners. Retrieved 3 March 2025.
  3. ^ a b c d e "Annual Report 2024". Coca-Cola Europacific Partners. Retrieved 21 March 2025.
  4. ^ "Coca-Cola Europacific Partners - Shareholder information & tools - Listing & share information". ir.cocacolaep.com. Retrieved 3 March 2025.
  5. ^ "Coca-Cola bottlers agree three-way Europe merger". Financial Times. 6 August 2015. Retrieved 3 March 2025.
  6. ^ "Coke Bottler's Merger Might Lose Tax Gain to Inversion Rules". Accounting Today. 4 May 2016. Retrieved 3 March 2025.
  7. ^ Esterl, Mike (6 August 2015). "Three Coca-Cola Bottlers Confirm Merger". The Wall Street Journal. News Corp. Retrieved 3 March 2025.
  8. ^ "FTSE UK Index Series Quarterly Review March 2025". FTSE Russell. 5 March 2025. Retrieved 21 March 2025.
  9. ^ a b "Coca-Cola European Partners becomes Coca-Cola Europacific Partners following multi-billion acquisition of Coca-Cola Amatil". Packaging Insights. 21 May 2021. Retrieved 3 March 2025.
  10. ^ a b Geller, Martinne (6 August 2015). "UPDATE 5-Three European Coca-Cola bottlers to merge". Reuters. Thomson Reuters. Retrieved 23 August 2015.
  11. ^ "Coca-Cola European Partners lists on main London Stock Exchange". Packaging Today. 28 March 2019. Retrieved 3 March 2025.
  12. ^ "Erebus signs Coca-Cola as naming rights sponsor". V8 Sleuth. 19 December 2022. Retrieved 14 July 2023.
  13. ^ Cordero, Ted (23 February 2024). "Aboitiz, CCEP complete $1.8 billion Coca-Cola Beverages PH acquisition". GMA News. Retrieved 23 February 2024.
  14. ^ Camus, Miguel (23 February 2024). "Aboitiz buys 40% of Coca-Cola PH". Philippine Daily Inquirer. Retrieved 23 February 2024.

Official website

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