The Coca-Cola Hellenic Bottling Co has bought back EUR1.05bn (US$1.27bn) of shares.

The firm announced today (1 June) that it bought back 57,000 shares on 28 May, at an average price of EUR18.22 per share.

The shares were purchased through National P&K Securities.

In April, Coca-Cola Hellenic saw its profits soar in the first quarter, boosted by cost cutting measures and its restructuring last year