PRESS RELEASE

Coca-Cola Enterprises has completed a transaction with The Coca-Cola Company which, among other things, means that they are buying the Swedish beverage manufacturer Coca-Cola Drycker Sverige AB. The Swedish company thus becomes part of the world's third largest independent Coca-Cola producer, a Western European operation headquartered in Atlanta and listed on the New York Stock Exchange (NYSE: CCE).

"The deal can be seen as a receipt for the successes we have created in Sweden and that there is strong confidence in how we run our business," says Göran Holm, CEO of Coca-Cola Drycker Sweden. "In recent years, we have expanded the product portfolio, worked intensively with customer focus and further strengthened our sustainability work."

"Europe is a platform for sustainable profitable growth, which we also demonstrated when we recently presented increased long-term financial goals," said John F. Brock, Chairman and CEO of Coca-Cola Enterprises Inc. "We are convinced that CCE has the the financial flexibility, operational focus and persistent leadership to continue to build on our success in these markets.”

"We have very competent employees who know what it takes to be a market leader in Europe and we welcome our new colleagues in Norway and Sweden," says Hubert Patricot, executive vice president and president, Coca-Cola Enterprises Europe Group. "We look forward to taking advantage of the growth opportunities we see ahead of us in our European markets."

Coca-Cola Drycker Sweden has been owned by The Coca-Cola Company since 2001. Coca-Cola Drikker AS, in Norway, will also be part of the new constellation. While Coca-Cola Enterprises has an international reach, their focus is always local and they always strive to be a responsible local employer and an asset to the community. Coca-Cola Drycker Sverige AB will change its name to Coca-Cola Enterprises Sverige AB at the turn of the year.

About Coca-Cola Enterprises, Inc.

Coca-Cola Enterprises, Inc. is the leading Western European marketer, distributor and producer of non-alcoholic beverages and the world's third largest independent Coca-Cola bottler. Headquartered in Atlanta, Georgia, the company is the sole licensed bottler for The Coca-Cola Company products in Belgium, France, the United Kingdom, Luxembourg, Monaco, the Netherlands, Norway and Sweden. For further information, please visit: www.cokecce.com

About Coca-Cola Drinks Sweden AB

Coca-Cola Drycker Sverige AB produces, distributes and sells non-alcoholic beverages on the Swedish market. Some of the brands are Coca-Cola, Fanta, Sprite, MER, Burn, Bonaqua Silver, Powerade and Minute Maid. About 800 people work at Coca-Cola in Sweden, of which about 650 at the head office in Jordbro outside Stockholm. Around 1 million liters of beverage are produced here every day. The recipe for Coca-Cola was created in 1886 by pharmacist John S. Pemberton in Atlanta, USA. In Sweden, Coca-Cola was launched in 1953. For further information, please visit www.Coca-Cola.se

Source:

https://www.mynewsdesk.com/se/coca-cola_drycker_sverige_ab/pressreleases/coca-cola-drycker-sverige-koeps-av-coca-cola-enterprises-488355