Coca-Cola Amatil parent scuttles Lion Nathan merger

Coca-Cola Amatil has called off its $A7 billion takeover talks with Lion Nathan, saying its US-based parent has rejected the proposal.

Coca-Cola Company, which owns a 30% stake in Australia-based Coca-Cola Amatil (CCA), has written to Lion Nathan’s major shareholder, Japan’s Kirin Holdings, calling off discussions, CCA says in a statement.

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