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Herbert Smith Freehills is pleased to have advised Coca-Cola Amatil Limited (Amatil) on all aspects of its acquisition by Coca-Cola European Partners plc (CCEP) of all of the issued shares held by independent shareholders of Amatil pursuant to a scheme of arrangement (Scheme). 

The Scheme, which gives Amatil an implied enterprise value of approximately A$11.1 billion was successfully implemented on 10 May 2021.

CCEP also acquired the Amatil shares held indirectly by The Coca-Cola Company (TCCC) pursuant to a separate agreement with TCCC. As such, CCEP (through a wholly-owned subsidiary) is now the sole shareholder of Amatil.

CCEP has since announced that it will be known as “Coca-Cola Europacific Partners”.

Amatil is one of the largest bottlers of non-alcoholic ready-to-drink beverages in the Asia-Pacific region and one of the world's five major Coca-Cola bottlers. CCEP is a leading consumer goods company, a strategic partner to TCCC in Western Europe, and the world’s largest independent Coca-Cola bottler by revenue.

The Herbert Smith Freehills team was led by partner Tony Damian and senior associate Amelia Morgan. The team also includes partner Andrew Rich and solicitor Jennifer Xue.

Tony Damian said, “We are delighted to have advised Amatil on such a landmark transaction and a key milestone in Amatil’s history. The team worked closely with Amatil to navigate the ongoing challenges brought about by the COVID-19 pandemic to deliver an excellent result for Amatil and its shareholders.”

UBS acted as financial adviser to Amatil.

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Tony Damian

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