The Coca-Cola Company / Monster Beverages Corporation merger inquiry

The CMA investigated the proposed transaction between The Coca-Cola Company (TCCC) and Monster Beverages Corporation (Monster), whereby TCCC acquires a minority shareholding in Monster and Monster acquires all of the assets relating to TCCC energy drinks portfolio.

Statutory timetable

Phase 1 date Action
6 January 2015 Decision published
22 December 2014 Decision announced
5 December to 19 December 2014 Invitation to comment

Phase 1

FNTQ decision

22 December 2014: The CMA has decided that the proposed transaction between The Coca-Cola Company and Monster Beverages Corporation does not qualify for investigation under the merger provisions of the Enterprise Act 2002. The full text of the decision is available below:

Invitation to comment: Now closed

5 December 2014: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that the proposed transaction whereby TCCC acquires a minority shareholding in Monster and Monster acquires all of the assets relating to TCCC’s energy drinks portfolio, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

Contact

Please send written representations about any competition issues to:

Victoria Yuan
Competition and Markets Authority
Victoria House
Southampton Row
London
WC1B 4AD

Victoria.yuan@cma.gsi.gov.uk

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