FIRB approves Coca-Cola Amatil (ASX:CCL) takeover

Company News

by Rachael Jones

The Foreign Investment Review Board has determined the Commonwealth has no objection to a wholly owned subsidiary of Coca-Cola Amatil (ASX:CCL) Coca-Cola European Partners acquiring up to a 100 per cent interest in the Company.

Back in November the Scheme Consideration implied an equity value of approximately $9 million and an enterprise value of $10 million.

Independent Shareholders to receive $12.75 cash per share, less any 2H20 dividend.

Shares in Coca-Cola Amatil (ASX:CCL) are trading 0.46 per higher at $13.14.