Coca-Cola Enterprises, Inc. to seek secondary listing on NYSE Euronext in Paris
Monday, March 14, 2011
ATLANTA, MARCH 14, 2011 - Coca-Cola Enterprises (NYSE: CCE) today announced that the company will seek a secondary listing of its ordinary shares on the Professional Segment of NYSE Euronext in Paris.
The decision for CCE to list in Paris follows the Company's sale
of its North American business to The Coca-Cola Company and its
acquisition of The Coca-Cola Company's bottling operations in
Norway and Sweden in the fourth quarter 2010. As the
pre-eminent Western European bottler of Coca-Cola products, CCE
employs 13,500 employees across Belgium, continental France, Great
Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden.
The company distributes a wide range of beverages, including
regular, no- and low-calorie sparkling, energy and sports drinks;
waters; juices and juice drinks; coffees; and teas.
"Coca-Cola Enterprises is committed to our operations in Western
Europe, and this secondary listing will provide European investors
the opportunity to more easily benefit from our long-term growth
plans," said John F. Brock, chairman and chief executive officer.
"Our solid track record of success is built on our commitment to
deliver world-class brands and superior customer service to capture
the growth opportunities in Europe."
The Company's secondary listing will complement its primary
listing on the NYSE. As a European-focused business headquartered
in the United States and listed on the NYSE, CCE can easily and
efficiently obtain a secondary listing on the NYSE Euronext in
Paris through its Fast Path program. The listing is
expected to gain regulatory approval in mid- to late-second quarter
2011, at which time shares will begin trading under the stock
symbol "CCE." The listing will not alter CCE's share count, capital
structure or current stock listing on the NYSE.
Upon receipt of regulatory approval, CCE will publish a prospectus
in connection with the secondary listing, which will be posted on
the Company's website.
Coca-Cola Enterprises, Inc. is the leading Western European
marketer, distributor, and producer of bottle and can liquid
nonalcoholic refreshment and the world's third largest independent
Coca-Cola bottler. CCE is the sole licensed operator for products
of The Coca-Cola Company in Belgium, continental France, Great
Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden.
For more information about our company, please visit our website at
www.cokecce.com.
Notes to editors
CONTACT:
Fred Roselli - U.S. Media Relations
+1 770-241-4229
Lauren Sayeski - European Media Relations
+44 (0)7976 113 674
Thor Erickson - Investor Relations
+1 678-260-3110
