Coca-Cola Enterprises Shareowners Ok Deal To Create Coca-Cola European Partners

(RTTNews) - Coca-Cola Enterprises Inc. (CCE) said that its shareowners have approved the pending transaction to create Coca-Cola European Partners plc. CCE shareowner approval represents a key step in the process of completing the transaction. A European Union listing prospectus is expected to be finalized on or about May 25, 2016, and closing is expected to occur on or about May 28, 2016.

After the closing of the transaction, Coca-Cola European Partners will be the world's largest independent Coca-Cola bottler based on net sales and will combine the bottling operations of Coca-Cola Enterprises, Inc., Coca-Cola Iberian Partners, S.A.U., and Coca-Cola Erfrischungsgetränke GmbH.

Shares of Coca-Cola European Partners are expected to start trading simultaneously in New York, London, and Amsterdam on Tuesday, May 31, 2016. In Spain, trading is expected to start on Thursday, June 2, 2016.