Deals
Engine No. 1 Spoke With Coca-Cola About Plastics Recycling
- The investment firm has no plan to pursue activist campaign
- Coca-Cola is held in passive funds run by Engine No. 1
The Coca-Cola 'Neon Spectacular' sign in Atlanta.
Photographer: Elijah Nouvelage/BloombergThis article is for subscribers only.
Engine No. 1, the investment firm that scored a victory over Exxon Mobil Corp. last year, has spoken with executives at Coca-Cola Co. about plastics recycling, according to a person with knowledge of the firm.
The fund isn’t planning to launch a proxy fight against the company, said the person, who declined to be identified. Engine No. 1’s investments in Coca-Cola and other consumer-goods companies are held in passively run exchange-traded funds as opposed to actively managed offerings.