Coca-Cola Beverages, one of the largest bottlers of soft drinks in Central and Eastern Europe, has floated on the London Stock exchange. The flotation valued the company at over £1.7billion ($2.72billion). The Coca-Cola Company expects to hold 50.5% of Coca-Cola Beverage's shares. The London listing is to be followed by a listing in Sydney. Coca-Cola Beverages was formed by Australian company Coca-Cola Amatil and then demerged in order to be listed.
August 31 1998