selling CCE's North American division to Coca-Cola. Coca-Cola paid over $15 billion, including a redemption of Coca-Cola's 33% shareholding in CCE. Coca-Cola wanted the business in their asset list because they felt it would save both consumers and Coca-Cola money. Coca-Cola also spun off its small European bottling division to "New CCE". The acquisition closed on October 3, 2010. Merger On August 6, 2015, Coca-Cola Enterprises announced that it would merge with Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetränke AG, a subsidiary of the Coca-Cola Company, into a new company to be called Coca-Cola European Partners PLC. References External links Coca-Cola Enterprises website Coca-Cola bottlers Food and drink companies based in Atlanta 1986 establishments in Georgia (U.S. state) American companies established in 1986 Food and drink companies established in 1986 Drink companies of the United States