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News: CCL Coca-Cola Amatil Announces Sale Of SPC Fruit And Vegetable Processing Business

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    04/06/19
    10:00
    Post #: 38893234

    June 4 (Reuters) - Coca-Cola Amatil Ltd (CCL) :

    • SPC FRUIT AND VEGETABLE PROCESSING BUSINESS WOULD BE SOLD TO SHEPPARTON PARTNERS COLLECTIVE PTY LTD AND ITS GROUP OF COMPANIES
    • DEAL FOR CONSIDERATION OF $40 MILLION
    • PROFIT ON SALE OF $10 MILLION - $15 MILLION IS EXPECTED TO BE RECORDED UPON COMPLETION
    • AGREEMENT INCLUDES FOUR-YEAR DEFERRED PAYMENT OF UP TO AN ADDITIONAL $15 MILLION OF SALE PROCEEDS, SUBJECT TO BUSINESS PERFORMANCE

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