Atlanta-based beverage bottler Coca-Cola Enterprises will seek a secondary share listing on NYSE Euronext in Paris. CCE said the secondary listing will complement its primary listing on the New York Stock Exchange.
Last year, the company sold its North American business to Coca-Cola Co. and acquired bottling operations in Norway and Sweden. CCE is the biggest Western European bottler of Coca-Cola products, with 13,500 employees.
"Coca-Cola Enterprises is committed to our operations in Western Europe, and this secondary listing will provide European investors the opportunity to more easily benefit from our long-term growth plans," said John Brock, chairman and chief executive officer.
The listing is expected to gain regulatory approval in the second quarter, when shares will begin trading under the stock symbol "CCE." The company said the listing will not change its share count, capital structure or current stock listing on the New York Stock Exchange.
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