A return to volume growth in Coca-Cola Amatil's largest market in the December quarter is likely to clear the way for suitor Coca-Cola European Partners to justify lifting its $9 billion takeover offer.
In a trading update on Friday, Coca-Cola Amatil confirmed that soft drinks, water and juice volumes had returned to growth in Australia in the December quarter – rising 0.4 per cent – after falling for at least three consecutive quarters.
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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
