CCH is looking to get a listing on the London Stock Exchange

CCH is looking to get a listing on the London Stock Exchange

Coca-Cola Hellenic (CCH) is looking to complete a voluntary share exchange offer ahead of a switch of its main stock exchange listing.

The Athens-based group announced in October that it had set up Coca-Cola HBC AG, a Swiss holding company, to acquire CCH's ordinary shares through an exchange offer. Following the purchase, it hopes to take a premium listing on the London Stock Exchange , by the second quarter of this year, while maintaining a presence on the Athens and New York stock exchanges. 

In an update today (9 January), CCH,  Coca-Cola Co's second largest bottler, said that the exchange offer remains subject to regualatory approvals.

It added: “Coca-Cola HBC AG is working closely with the relevant regulators to obtain these approvals and currently expects commencement of the acceptance period after publication by Coca-Cola Hellenic of its 2012 financial statements and completion of the voluntary share exchange offer early in the second quarter of 2013.” 

In November, the group posted a 15% drop in nine-month net profits, blaming difficult trading environments in established markets.