(Bloomberg) -- Coca-Cola European Partners Plc. agreed to buy Australian bottler Coca-Cola Amatil Ltd. on Monday, creating a global producer of many of the world’s most popular packaged drinks.

The deal values Sydney-based Coca-Cola Amatil at A$9.23 billion ($6.6 billion), a 19% premium to where its shares last traded, according to a statement Monday. The target’s board intends to unanimously recommend the offer.

The A$12.75 per share indicative cash offer would give Coca-Cola European Partners an even larger international footprint and immediate scale in the Southern hemisphere. It would be the largest deal involving an Australian company so far this year, according to data compiled by Bloomberg.

Coca-Cola European Partners will enter a separate agreement to buy Atlanta-based Coca-Cola Co.’s 31% stake in the target on less favorable terms than those offered to other shareholders, according to the statement.

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