London Stock Exchange welcomes Coca-Cola European Partners to the Main Market
Coca-Cola European Partners (CCEP) is the world’s largest Coca-Cola bottler by revenue, generating sales last year of €11.5 billion and operating profit of €1.6 billion. The business operates across 13 countries in Western Europe, with 47 manufacturing sites, employing more than 23,500 people, selling products in over 1 million outlets to over 300 million consumers.
This morning, at 08:00 GMT, Shares in CCEP were listed on the Main Market of London Stock Exchange (LSE). As previously announced, the delisting of the Shares from Euronext London will occur from tomorrow. This does not change the Company's category of listing, which remains a standard listing under Chapter 14 of the UKLA's Listing Rules, and does not impact the listing of the Shares on the New York Stock Exchange (NYSE), Euronext Amsterdam or the Spanish stock exchanges (Madrid, Barcelona, Bilbao and Valencia). Investors will continue to be able to trade the Shares on all markets under the symbol CCEP, with the Shares being quoted and traded in Euro on London Stock Exchange, Euronext Amsterdam and the continuous market of the Spanish stock exchanges, and in USD on the NYSE.
Today marks an important milestone for the business as it moves towards the next growth phase. By joining Europe’s leading stock exchange, CCEP is seeking to increase visibility of its story alongside improving market access for investors, thereby enhancing liquidity.
Damian Gammell, CEO at CCEP, said:
“The formation of CCEP was always about a bigger and bolder vision beyond the merger. Three years on, we are building a sustainable company on three pillars: great beverages, great service and great people. We feel this is the perfect time to move our UK listing to London Stock Exchange. We have a solid track record and we operate in the large and growing Western European non-alcoholic ready to drink market, where we have a leading position with the world’s best brands.”
Nikhil Rathi, CEO, London Stock Exchange plc & Director of International Development, LSEG , said:
“We are delighted to welcome Coca-Cola European Partners, the world’s largest Coca-Cola bottler, to London Stock Exchange today. CCEP’s decision to list on our Main Market to enhance liquidity and investor access further underlines our attraction as a global listing venue, offering companies access to the deepest pool of international investor capital.”