Coca-Cola Chairman Muhtar Kent, left, toasts the deal with Coca-Cola Enterprises Chairman John Brock.
As expected, Coca-Cola Enterprises Inc. shareholders on Friday gave their stamp of approval on the pending $13 billion sale of its North American operations to The Coca-Cola Co. The transaction already has all the required government approvals, so it should close in the coming days, Atlanta-based Coca-Cola Enterprises said.
Coca-Cola Enterprises has information-technology and distribution operations in Louisville. Following the merger, the operations will be folded into The Coca-Cola Co.
Once the deal is complete, Coca-Cola Enterprises (NYSE: CCE) will become an entirely western European business and will go from being the world’s largest Coca-Cola bottler to becoming the world’s third-largest independent bottler of Coca-Cola products.