Sale of Assets To The Coca-Cola Co.
On February 24, 2010, The Coca-Cola Company and CCE (Coca-Cola Enterprises) entered talks about selling CCE's North American division to Coca-Cola. Coca-Cola paid over $15 billion, including a redemption of Coca-Cola's 33% shareholding in CCE. Coca-Cola wanted the business in their asset list because they felt it would save both consumers and Coca-Cola money. Coca-Cola also spun-off its small European bottling division to "New CCE".
The acquisition closed on October 3, 2010.
Read more about this topic: Coca-Cola Enterprises
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