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Amatil shareholders approve ‘sellout’ to Europeans

Sue Mitchell

Coca-Cola Amatil shareholders voted strongly in favour of a $9.8 billion offer from Coca-Cola European Partners - but not before one investor raised concerns about the loss of yet another Australian company to offshore interests.

After a virtual meeting on Friday, Amatil said 99.0 per cent of votes cast and 81.55 per cent of shareholders who voted were in favour of Coke Europe’s $13.50-a-share offer to independent shareholders.

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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com

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    Original URL: https://www.afr.com/companies/manufacturing/amatil-shareholders-approve-sell-out-to-europeans-20210416-p57jps