<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 13, 1996
COCA-COLA ENTERPRISES INC.
(Exact name of registrant as specified in its charter)
Delaware 01-09300 58-0503352
(State of (Commission File No.) (IRS Employer
Incorporation) Identification No.)
2500 Windy Ridge Parkway, Atlanta, Georgia 30339
(Address of principal executive offices, including zip code)
(770) 989-3000
(Registrant's telephone number, including area code)
Page 1 of 6 pages
Exhibit Index page 4
<PAGE>
Item 5. Other Events
------------
On May 13, 1996, Coca-Cola Enterprises Inc. (the "Company")
issued a press release announcing the signing of a nonbinding
letter of intent for the Company to acquire The Coca-Cola
Company's bottling and canning opeations in France and Belgium.
Item 7. Financial Statements and Exhibits
------ ---------------------------------
(c) Exhibits.
28 Press Release of Coca-Cola Enterprises Inc. issued
May 13, 1996
Page 2 of 6 pages
<PAGE>
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
COCA-COLA ENTERPRISES INC.
(Registrant)
E. LISTON BISHOP III
Date: May 13, 1996 By:------------------------------
E. Liston Bishop III
Assistant Secretary
Page 3 of 6 page
<PAGE>
COCA-COLA ENTERPRISES INC.
EXHIBIT INDEX
Exhibit No. Page
28 Press release of Coca-Cola Enterprises Inc. 5
issued May 13, 1996
Page 4 of 6
<PAGE>
EXHIBIT 28
COCA-COLA ENTERPRISES INC. PRESS RELEASE
- ----------------------------------------------------------------------------
CONTACT: Laura Asman - Media Relations
(770) 989-3023
Margaret Carton - Investor Relations
(770) 989-3622
FOR IMMEDIATE RELEASE
- ---------------------
COCA-COLA ENTERPRISES INC. ANNOUNCES LETTER OF INTENT TO ACQUIRE
----------------------------------------------------------------
BOTTLING OPERATIONS IN FRANCE AND BELGIUM
-----------------------------------------
ATLANTA, May 13, 1996 -- Coca-Cola Enterprises announced today
that the Company has signed a letter of intent to acquire The Coca-Cola
Company's bottling and canning operations in France and Belgium.
Coca-Cola Enterprises is acquiring the exclusive rights to bottle and
can products of The Coca-Cola Company in these territories for a
transaction value (purchase price and acquired debt) of approximately
$915 million. The operations included in the letter of intent are
Coca-Cola Beverages S. A. (French bottler) and Coca-Cola Production S.A.
(Dunkirk production facility) in France, and S. A. Beverage Sales
Holding N. V. in Belgium.
Based on the stated transaction value and estimated 1996
operating performance, Coca-Cola Enterprises expects the acquisition
of the French and Belgian operations to be additive to cash flow and
neutral to earnings in 1996. The Company anticipates financing this
acquisition through the issuance of debt. Coca-Cola Enterprises
expects to complete the acquisition early in the third quarter of
1996.
Summerfield K. Johnston, Jr., vice chairman and chief executive
officer of Coca-Cola Enterprises, stated, "With the acquisition of the
French and Belgian operations, Coca-Cola Enterprises will generate
more than 15 percent of its unit case sales outside the United States.
This acquisition is a strategic investment that will boost both our
long-term growth potential and share-owner value. By capitalizing on
the existing infrastructure and employing our decentralized operating
culture, we are confident that we will generate profitable growth in
sales and market share in France and Belgium."
In 1995, the French bottler sold 158 million unit cases of
product in a territory that includes approximately 90 percent of the
population of France. The Dunkirk production facility produces The
Coca-Cola Company s beverages in cans for distribution in France,
Belgium, and the Netherlands. In 1995, the Belgian bottler, S. A.
Coca-Cola Bottlers Belgium N. V. (a wholly owned subsidiary of S. A.
Beverage Sales Holding N. V.), sold 94 million unit cases of product
in a territory that encompasses all of Belgium. On a proforma basis,
the French and Belgian operations would increase Coca-Cola Enterprises
reported 1995 net operating revenues by approximately $1.2 billion.
<PAGE>
The proposed transaction is subject to negotiation of a
definitive purchase agreement. The proposed acquisition requires
approval by the Company's Affiliated Transaction Committee of the
Board of Directors and confirmation of such approval by the Company's
Board of Directors. The proposed transaction also requires approval
by The Coca-Cola Company's Board of Directors and all required
regulatory authorities, as well as consultation with the appropriate
employee works councils.
Coca-Cola Enterprises Inc. (NYSE: CCE) is the world's largest
bottler of products of The Coca-Cola Company, distributing
approximately 57 percent of The Coca-Cola Company's United States
bottle and can volume. Coca-Cola Enterprises is also the sole
licensed bottler for products of The Coca-Cola Company in the
Netherlands.
# # #
