Coca-Cola Hellenic Bottling Co has said that its two major stakeholders, The Coca-Cola Co and Kar-Tess Holding, have extended their shareholders' agreement for the drinks bottler.

Greece-based Coca-Cola Hellenic (CCHBC) said on 29 December that the agreement has been extended until 31 December 2018.

Managing director Doris Constantinou said that the move reinforced the "long-term commitment" of CCHBC's major shareholders.

This, he said, "reflects a continuation of the strong support and commitment to our visiion for driving sustainable growth and value accretion".

Under the terms of the deal, neither Coca-Cola nor Kar-Tess will allow the two's combined stake to fall below 44% up to January 2014, and 40% up to the end of 2018.