Australian drink firm in RI

Australian drink firm in RI

SYDNEY (AFP): Australian-based soft drinks bottler Coca-Cola
Amatil Ltd. (CCA) announced yesterday to raise hundreds of
millions of dollars from shareholders and expand its empire in
Europe and Indonesia.

CCA said it would acquire 51 percent of the equity in PT Coca-
Cola Tirtalina Bottling Co. in Indonesia, giving it full control
of the company, the statement said.

The purchase would allow CCA to merge all its Indonesian
interests into one business with the Pan Java Group left as the
remaining 10 percent stake holder.

The company said it would raise A$670 million (US$480 million)
to fund future growth by offering shareholders the right to buy
one ordinary share for every four already held.

Directors announced that the company would also acquire all
Coca-Cola Export Corp. interests in Rumania for US$131.4 million
subject to shareholders' approval.

CCA said recent acquisitions of bottling operations in Poland,
Croatia and Switzerland, coupled with the Rumanian and Indonesian
expansions, were expected to boost 1995 earnings.