Irish Coca-Cola subsidiary tightens belt ahead of dividend payment
Share capital reduced ahead of possible €8 billion payout to Cayman Islands parent
The Irish subsidiary of Coca-Cola reduced its share capital earlier this year ahead of a potential €8 billion dividend payment to its Cayman Islands parent company.
The subsidiary, European Refreshments Limited, has already paid out more than €5 billion over the last four years in share capital and dividends to Atlantic Industries, its Cayman Island parent company.
Nearly €500 million of that was paid this year, with €360 million in dividends and €100 million in ...
