Binding deed puts Amatil a step closer to European takeover

Original article by Sue Mitchell
The Australian Financial Review – Page: 29 : 5-Nov-20

Coca-Cola European Partners has completed due diligence on Coca-Cola Amatil and entered into a binding scheme implementation deed with the Australian-listed company. The proposed $9bn takeover requires the support of at least 75 per cent of CCA shareholders and approval from the Foreign Investment Review Board. Shareholders are likely to vote on the scheme of arrangement in March. Some of CCA’s institutional shareholders consider the cash offer of $12.75 per share to be opportunistic.

CORPORATES
COCA-COLA AMATIL LIMITED – ASX CCL, COCA-COLA EUROPEAN PARTNERS PLC, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD

Amatil chiefs back $9.3bn takeover bid

Original article by Eli Greenblat
The Australian – Page: 13 & 16 : 27-Oct-20

Shares in Coca-Cola Amatil closed 16.28 per cent higher at $12.50 on 26 October, after its independent directors endorsed a takeover proposal from Coca-Cola European Partners. The cash offer of $12.75 per share also has the support of CC Amatil’s chair Ilana Atlas and CEO Alison Watkins, as well as 30.4 per cent shareholder The Coca-Cola Company. Atlas says the board decided to recommend the $9.3bn bid after assessing the company’s earnings outlook.

CORPORATES
COCA-COLA AMATIL LIMITED – ASX CCL, COCA-COLA EUROPEAN PARTNERS, THE COCA-COLA COMPANY

CC Amatil and Coke Europe in merger talks

Original article by Sue Mitchell
The Australian Financial Review – Page: 14 & 20 : 26-Oct-20

Shares in Coca-Cola Amatil were placed in a trading halt on 23 October, pending an announcement on a "potential material transaction". Bloomberg has reported that the beverages group is in advanced talks with Coca-Cola European Partners regarding a takeover proposal that could be worth around $10bn. The Coca-Cola Company has a 30.4 per cent stake in CCA and a 19.3 per cent stake in CCEP, positioning it to play a key role in any deal that emerges. A takeover of Australia’s largest non-alcoholic beverage would most likely need to be approved by the Foreign Investment Review Board.

CORPORATES
COCA-COLA AMATIL LIMITED – ASX CCL, COCA-COLA EUROPEAN PARTNERS, THE COCA-COLA COMPANY, BLOOMBERG LP, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD

Lion to ditch struggling dairy, stick to brewing

Original article by Eli Greenblat
The Australian – Page: 19 : 11-Oct-18

Australian beverages group Lion has flagged plans to divest its Lion Dairy & Drinks division in order to focus on its brewing assets. Lion CEO Stuart Irvine is upbeat about the outlook for Lion Dairy & Drinks in the wake of a turnaround program, but he adds that the Japanese-controlled company has opted to focus on other growth areas following a review of the dairy assets. Lion is particularly bullish about its prospects in the global craft beer market. Lion Dairy & Drinks’ brands include Pura milk, Dare Iced Coffee and King Island cheese.

CORPORATES
LION PTY LTD, LION-DAIRY AND DRINKS PTY LTD, KIRIN HOLDINGS COMPANY LIMITED, LITTLE CREATURES BREWING PTY LTD, FOURPURE, SAPUTO INCORPORATED, FONTERRA CO-OPERATIVE GROUP LIMITED, BEGA CHEESE LIMITED – ASX BGA, PARMALAT AUSTRALIA PTY LTD, WARRNAMBOOL CHEESE AND BUTTER FACTORY COMPANY HOLDINGS LIMITED, MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED

TCCC, Coca-Cola Amatil take 45pc stake in beverage maker Made Group

Original article by Sue Mitchell
The Australian Financial Review – Page: Online : 5-Oct-18

Coca-Cola Amatil and The Coca Cola Company are to acquire a 45 per cent stake in beverages company Made Group for an undisclosed amount. The Melbourne-based Made Group was founded in 2005 and makes brands such as Impressed cold-pressed juices, Rokeby Farms smoothies, and Cocobella coconut water. It currently sells its products through outlets such as Woolworths and Coles, and is due to move into a new $45 million manufacturing facility in South Dandenong in Melbourne before the end of 2018

CORPORATES
COCA-COLA AMATIL LIMITED – ASX CCL, THE COCA-COLA COMPANY, MADE GROUP, MACQUARIE CAPITAL PTY LTD, WOOLWORTHS GROUP LIMITED – ASX WOW, COLES SUPERMARKETS AUSTRALIA PTY LTD

Coca-Cola may do better than its rivals with container scheme

Original article by Sue Mitchell
The Australian Financial Review – Page: 11 & 26 : 22-Aug-17

Container deposit schemes are due to take effect in a number of Australian states over the next year or so, with the scheme to take effect in New South Wales on 1 December. The schemes are expected to push up the cost of beverages in plastic and glass bottles and aluminium cans, and it is tipped that Coca-Cola Amatil’s yearly EBIT could fall by as much as seven per cent. However, analysts note that CCA could derive some benefit from the scheme, if less expensive brand name and private-label producers in the bottled water sector pass on the full cost of the scheme. This might enable its Mount Franklin brand to regain some of its market share.

CORPORATES
COCA-COLA AMATIL LIMITED – ASX CCL, MOUNT FRANKLIN NATURAL, ASAHI BREWERIES LIMITED, MACQUARIE EQUITIES LIMITED, FRUCOR BEVERAGES (AUSTRALIA) PTY LTD, COLES SUPERMARKETS AUSTRALIA PTY LTD, CARLTON AND UNITED BREWERIES, COOPERS BREWERY LIMITED, LION PTY LTD, CITIGROUP PTY LTD, WOOLWORTHS LIMITED – ASX WOW

CC Amatil wins overseer role in NSW’s container deposit scheme

Original article by Sue Mitchell
The Australian Financial Review – Page: 19 : 1-Aug-17

Adoption of the New South Wales Government’s container deposit scheme is expected to result in increased prices for beverage products. The scheme will come into effect on 1 December 2017, and it will be managed by a consortium of soft drink and brewing companies that includes Lion, Coopers and Coca-Cola Amatil. The scheme is expected to have the most impact on sales of large packs of soft drink and beer, along with private label bottled water.

CORPORATES
LION PTY LTD, COOPERS BREWERY LIMITED, COCA-COLA AMATIL LIMITED – ASX CCL, FOSTER’S GROUP LIMITED, ASAHI BREWERIES LIMITED, JP MORGAN AUSTRALIA LIMITED, MACQUARIE EQUITIES LIMITED, AUSTRALIAN BEVERAGES COUNCIL LIMITED, WOOLWORTHS LIMITED – ASX WOW

Coca-Cola Amatil loses Domino’s contract to Pepsi

Original article by Sue Mitchell
The Australian Financial Review – Page: 15 & 20 : 7-Jul-17

Domino’s Pizza Enterprises says customer testing prompted it to replace Coca-Cola Amatil as its beverages supplier in Australia. Pepsi/Schweppes won the tender to supply soft drinks and bottled water. Michael Simotas of Deutsche Bank says Domino’s may be seeking to offset its move to start paying penalty rates, as Pepsi drinks tend to cost less than those of CCA. Woolworths recently advised that its supermarkets will not stock CCA’s latest sugar-free Coca-Cola product, on the grounds that consumers already have sufficient choice.

CORPORATES
DOMINO’S PIZZA ENTERPRISES LIMITED – ASX DMP, COCA-COLA AMATIL LIMITED – ASX CCL, PEPSICO AUSTRALIA PTY LTD, SCHWEPPES AUSTRALIA PTY LTD, WOOLWORTHS LIMITED – ASX WOW, COLES SUPERMARKETS AUSTRALIA PTY LTD, HUNGRY JACK’S PTY LTD, 7-ELEVEN STORES PTY LTD, McDONALD’S AUSTRALIA LIMITED, SUBWAY SANDWICHES PTY LTD, RED ROOSTER FOODS, PIZZA HUT AUSTRALIA, DEUTSCHE BANK AG, NEXBA BEVERAGES PTY LTD, UBS HOLDINGS PTY LTD, SHOP, DISTRIBUTIVE AND ALLIED EMPLOYEES’ ASSOCIATION

Flat outlook for Coca-Cola Amatil puts doubt on growth

Original article by Sue Mitchell
The Australian Financial Review – Page: 21 & 26 : 19-May-16

Shares in Coca-Cola Amatil closed $A0.04 lower at $A8.99 on 18 May 2016, following the group’s annual meeting. CEO Alison Watkins is aiming for earnings per share growth of five per cent in the near-term, but says the bottler may not necessarily meet this target in 2016. However, she expects the group to achieve earnings growth in the year to December. Analysts have forecast underlying profit growth of 3.6 per cent and growth in sales of 2.7 per cent for 2016.

CORPORATES
COCA-COLA AMATIL LIMITED – ASX CCL, ARNHEM INVESTMENT MANAGEMENT PTY LTD, PEPSICO AUSTRALIA PTY LTD, SCHWEPPES AUSTRALIA PTY LTD, AUSTRALIAN BUREAU OF STATISTICS

Go hard or go home: sports drinks in Australia

Original article by Roy Morgan Research
Market Research Update – Page: Online : 12-Aug-15

A Roy Morgan Single Source survey has found that eight per cent of Australians consumed sports drinks such as Powerade, Gatorade and Staminade in any given seven days during the year to March 2015. Young consumers are particularly enthusiastic about sports drinks, with 1.5 million Australians 14 years or older drinking these beverages in an average seven-day period. Powerade dominates in the sector, drunk by 58 per cent of sports drink consumers, followed by Gatorade (33 per cent), Maximus (seven per cent) and Staminade (six per cent).

CORPORATES
ROY MORGAN RESEARCH LIMITED, COCA-COLA AMATIL LIMITED – ASX CCL, LUCOZADE