CCL 0.00% $13.30 coca-cola amatil limited

News: Coca-Cola's return to beer a 'no-brainer'

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    Coca-Cola Amatil Limited (ASX:CCL) boss Terry Davis says returning to the Australian beer market was a no-brainer given there is a billion-dollar profit pool currently dominated by just two major players.


     


    Coca-Cola Amatil (CCA) was restricted from selling beer in Australia for two years after SAB Miller bought Fosters.


     


    Mr Davis says the structure of Australia's market is ready for a third player to challenge the foreign-owned duopoly of Lion - which owns Tooheys, and Fosters - which owns Carlton United.


     


    He says Australia is largely an untapped market, twith only six markets in the world that have more than a billion-dollar profit.


     


    Coca-Cola Amatil generated a net profit of $216 million in fiscal 2013

 
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