Coke Enterprises forecasts boost in revenue following sale deal

Coke Enterprises, the bottler and distributor whose North America operations will be acquired by Coca-Cola Co. during the fourth quarter of fiscal 2010, also said it expects 2011 earnings growth will beat the long-term growth goal because of plans to repurchase about US$1 billion in shares during the 18 months after the Coca-Cola Co. deal closes.

The long-term forecast is currency-neutral and reflects expected growth in Europe, where the company will still operate after the deal with Coca-Cola Co. closes, Coke Enterprises Chairman John Brock said in a statement.

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