financetom
Business
financetom
/
Business
/
Coca-Cola bottler CCEP to change UK listing category with eye on FTSE 100 inclusion
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Coca-Cola bottler CCEP to change UK listing category with eye on FTSE 100 inclusion
Oct 18, 2024 6:06 AM

Oct 18 (Reuters) - Bottler Coca-Cola Europacific

Partners said on Friday it plans to change its London

stock listing category, in a move that would make the company

potentially eligible for inclusion in the benchmark FTSE 100

index.

In July, Britain's Financial Conduct Authority (FCA) rolled

out the biggest reform of UK listings rules in decades in a bid

to help London compete better with New York and, after Brexit,

with European Union financial centres such as Paris and

Amsterdam.

A new rule merged the previous two-tier standard and more

onerous premium listing segments into a single category, making

it easier for companies to become eligible for inclusion in

London's FTSE indexes.

Coca-Cola Europacific Partners, which is also listed in New

York, Madrid and Amsterdam, has a market value of 32.65 billion

euros ($35.42 billion).

A FTSE 100 listing would make it among the top 30 companies

listed on the index. The FTSE constituents are reviewed every

quarter and the next review will happen in December.

"The transfer would assist in increasing the profile of the

company in the UK and Europe, create the opportunity to improve

the liquidity of its shares traded through UK equity trading

venues and promote its attractiveness to a wider potential

investor base," Coca-Cola Europacific said.

Other companies that have applied to list under the new

regime include e-commerce firm THG, meal delivery

company Deliveroo ( DROOF ) and Oxford Nanopore ( ONTTF ).

The listing overhaul has also set UK's sluggish financial

markets on a path to recovery, with an increasing number of

companies such as online retailer Shein and Applied Nutrition, a

sports nutrition-related business, looking to list in London.

Coca-Cola Europacific, which bottles Coca-Cola, Fanta,

Sprite and Monster drinks in Western Europe, Australia and New

Zealand, has requested that the FCA approve the change in its

listing category with effect from Nov. 15.

($1 = 0.9217 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BRIEF-Seibu Holdings - Subsidiary Will Acquire Ace Group International
BRIEF-Seibu Holdings - Subsidiary Will Acquire Ace Group International
Sep 15, 2025
Sept 16 (Reuters) - Seibu Holdings Inc ( SEIBF ): * SEIBU HOLDINGS ( SEIBF ): SUBSIDIARY WILL ACQUIRE ACE GROUP INTERNATIONAL * SEIBU HOLDINGS ( SEIBF ): WILL ACQUIRE ACE GROUP INTERNATIONAL FOR AS MUCH AS $90 MILLION Source text: Further company coverage: (Reporting by Tokyo Newsroom) ...
PRESS DIGEST-Financial Times - September 16
PRESS DIGEST-Financial Times - September 16
Sep 15, 2025
Sept 16 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Amazon ( AMZN ) to launch augmented reality football coverage - Britain fintech SumUp explores listing at up to $15 billion valuation - China says Nvidia ( NVDA ) violated antitrust...
Canada, BC government approve Ksi Lisims LNG project on Pacific coast
Canada, BC government approve Ksi Lisims LNG project on Pacific coast
Sep 15, 2025
Sept 15 (Reuters) - Canada's federal government and the province of British Columbia have approved the Ksi Lisims LNG project, a proposed liquefied natural gas export terminal to be built on the country's northwest Pacific coast. The Canadian government under Prime Minister Mark Carney is aiming to accelerate the construction of natural resource projects to boost the economy and reduce...
Trump Hints TikTok Deal May Finally Be Complete But GOP China Hawks Demand ByteDance Disinvestment And Full Algorithm Split
Trump Hints TikTok Deal May Finally Be Complete But GOP China Hawks Demand ByteDance Disinvestment And Full Algorithm Split
Sep 15, 2025
On Monday, President Donald Trump indicated that a long-awaited deal over TikTok could be nearing completion, but Congressional China hawks are pressing for strict enforcement of last year's law requiring ByteDance to fully divest its U.S. operations and separate the app's algorithm from Chinese control. Trump Teases Framework For TikTok Deal On Truth Social, Trump wrote that a deal had...
Copyright 2023-2026 - www.financetom.com All Rights Reserved