This press release is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote or approval in any jurisdiction in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. Refresco Shareholders are advised to read the shareholders circular published by Refresco today. This communication is not for release, publication or distribution, in whole or in part, in or into, directly or indirectly, any jurisdiction in which such release, publication or distribution would be unlawful.
Refresco acquires Cott's bottling activities
Creating the world's largest independent bottler with leadership positions across Europe and North America
Rotterdam, the Netherlands - 25 July, 2017
Strategic highlights:
Transaction highlights:
Refresco (Euronext Amsterdam: RFRG), an independent bottler of beverages for retailers and A-brands in Europe and the US, today announces the acquisition of the bottling activities of Cott (NYSE: COT, TSX: BCB). Cott is a diversified beverage company and one of the world's largest producers of beverages on behalf of retailers, brand owners and distributors. Its bottling activities, with revenues of approximately USD 1.7 billion, comprise 47% of its total activities. The purchase price is USD 1.25 billion (equal to EUR 1.1 billion[2]), payable in cash. Included in the purchase price is a tax asset of USD 75 million.
[1] At USD/EUR rate of 1.14. Subject to final adjustments at closing.
[2] At USD/EUR rate of 1.14. Subject to final adjustments at closing.
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