GREECE: Coca-Cola Hellenic expects to offload shares in Q2

By | 9 January 2013

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. 

Expert analysis

Carbonated Soft Drinks in Europe

Carbonated Soft Drinks in Europe industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2007-11, and forecast to 2016). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Europe carbonated soft drinks market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Sectors: Soft drinks

Companies: Coca-Cola HBC, Coca-Cola Co

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