Coca-Cola European Partners in talks to buy Coca-Cola Amatil: Bloomberg

FILE PHOTO: Cans of Coca-Cola sit on a shelf in a store in London, Britain March 16, 2016. REUTERS/Stefan Wermuth

(Reuters) – Coca-Cola European Partners CCEPC.L is in advanced talks to acquire Australia’s Coca-Cola Amatil CCL.AX, Bloomberg News reported on Saturday.

The details of the deal which has not yet been finalised could be announced within few days, Bloomberg reported, citing people familiar with the matter.

A deal would be the largest involving an Australian company this year, Bloomberg said.

U.S.-based Coca-Cola Co KO.N owns a 19.11% stake in Coca-Cola European Partners, the world’s largest independent bottler of Coca-Cola, Refinitiv Eikon data shows.

Shares in bottler Coca-Cola Amatil were halted on Thursday pending an announcement on a “potential material transaction”.

Neither company could be reached for comment outside business hours.

(This story was refiled to add attribution in headline.)

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