What is the future of CCE Europe? How will it work with the additional assets added to the CCE brand?
We fundamentally believe that the franchise model is the best way to win in the marketplace and CCE remains a key strategic partner with The Coca-Cola Company. A new entity, which will retain the name CCE, will hold CCE’s European business. The Coca-Cola Company will sell the Norway and Sweden bottling operations to CCE for consideration of $822 million in cash. CCE will also have the right to acquire The Coca-Cola Company’s German bottling operations in 18 to 36 months after close for fair value.