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Coca-Cola European Partners' stock rises amid finalized combination

John Brock, CEO, Coca-Cola European Partners
Jacques Brinon | AP
John Brock, CEO, Coca-Cola European Partners

Shares of Coca-Cola European Partners, formerly Coca-Cola Enterprises, rose more than 4.7 percent Tuesday as investors flocked into the biggest independent Coca-Cola bottler based on net sales.

Coca-Cola European Partners is the combination few Coca-Cola Enterprises, Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetränke, which was finalized Saturday, the firm said.

"This is a very exciting time for Coca-Cola European Partners, as Europe continues to represent an outstanding platform for long-term, profitable growth. Coca-Cola European Partners has the portfolio, the customer relationships, and the innovation, flexibility, scale, and speed needed to capture this opportunity," CEO John Brock said in a statement.