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Coca Cola shares gobbled up by investors

Date

­Sarah Thompson, Anthony Macdonald and Gretchen Friemann

Goldman Sachs executed the block trade of 30 million shares, which was set at a floor of $9 and closed at $9.02.

Goldman Sachs executed the block trade of 30 million shares, which was set at a floor of $9 and closed at $9.02. Photo: Jim Rice

Close to 50 investors piled into Coca Cola Amatil shares overnight after $270.6 million worth of stock was offloaded by a global fund.

Goldman Sachs executed the block trade of 30 million shares, which was set at a floor of $9 and closed at $9.02.

Coca Cola's stock has struggled over the past few months. Earlier this year new chief executive, Alison Watkins, unveiled a shock profit warning with earnings forecast to plunge by 15 per cent.

The sell down represents less than 5 per cent of the $7 billion company's overall value.

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