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Coca-Cola Amatil (ASX:CCL) has denied that its US parent company Coca-Cola Company is looking to sell its 30 per cent stake in the company.
Coca-Cola Company could benefit from a rising Australian dollar by selling its interest in its Australian beverages manufacturer.
However, Coca-Cola Amatil’s CEO Terry Davis has told The Australian Financial Review that such speculation is “baseless”.
The paper reports that Coca-Cola Company’s 233 million shares in Coca-Cola Amatil are currently valued at $US2.6 billion, compared with $US2.3 billion the same time last year.
Coca-Cola Amatil increased its net profit by 11 per cent to $497 million in the 2010 financial year.
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Last
$3.85 |
Change
0.040(1.05%) |
Mkt cap ! $737.5M | |||
| Open | High | Low | Value | Volume |
| $3.81 | $3.86 | $3.75 | $1.302M | 339.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 223 | $3.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.87 | 10000 | 1 |
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| Last trade - 16.21pm 15/09/2025 (20 minute delay) ? |
| CCL (ASX) Chart |