Spain: Coca Cola European to launch, with Spaniard at the helm

Coca-Cola European Partners, the bottling behemoth recently hatched out of the merger of Coca-Cola Iberian Partners (Spain and Portugal), Coca-Cola Enterprises (US) and a German affiliate, is set to launch its shares in Madrid’s stock exchange with an estimated date in early June.

The company will instantly become Europe’s largest consumer products company, with shares in the Madrid, London, Amsterdam and New York stock exchanges. The company is to be headed by Sol Daurella, current president of the Iberian branch. Ms. Daurella and her family, along with their Spanish and Portuguese partners, are to become the principal shareholders in the company with 34% of shares. Coca-Cola Enterprises will retain 48%, while the German share will take the remaining 18%

The new company, now Coca-Cola’s leading manufacturer in Europe, is currently valued at over 20.6 billion euros, placing it near the top of Madrid’s stock market. The Iberian companies have led the charge in restructuring Coca-Cola’s European business, despite having only merged into a single Iberian company recently, bringing together a multitude of independent, regional outfits.

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