NYSE Euronext welcomes Coca-Cola Enterprises, Inc. to its European market


One of the world's largest independent Coca‑Cola bottlers uses Fast Path to cross-list in Europe

Coca-Cola Enterprises, Inc. (ticker symbol: CCE), one of the world's largest independent Coca‑Cola bottlers, celebrated its Fast Path secondary listing on NYSE Euronext in Paris today. CCE is the first NYSE-listed company in 2011 to take advantage of this streamlined, cost-effective process and the eleventh(*) to do so since the facility was made available by NYSE Euronext in 2008.

The decision for Coca-Cola Enterprises to list on NYSE Euronext in Paris followed the separation of its European operations from its North American business, which was assumed by The Coca-Cola Company, and its simultaneous acquisition of The Coca-Cola Company’s bottling operations in Norway and Sweden in October 2010. Coca-Cola Enterprises employs 13,500 employees across Western Europe, where the company distributes a wide range of beverages, including regular, no- and low-calorie sparkling, energy and sports drinks, waters, juices and juice drinks, coffees and teas.

Coca-Cola Enterprises’ Common Stock was admitted to listing and trading on NYSE Euronext by direct listing of the existing 340,763,680 shares making up the company's capital stock.

The admission price of the company’ shares was set at €20.73 each, i.e. the closing price of its shares on 23 May 2011 converted into Euros on the basis of the European Central Bank EUR/USD exchange rate of the same trading day. Coca-Cola Enterprises’ market capitalization on the day of admission amounted to €7.06 billion.

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