Coca-Cola Hellenic wants to distinguish between its domestic and overseas operations

Coca-Cola Hellenic wants to distinguish between its domestic and overseas operations

Coca-Cola Hellenic has announced a change to its internal corporate structure to help distinguish between the firm's overseas and domestic operations. 

The Athens-based company, one of the largest bottlers of Coca-Cola products, said today (1 August) its Greek operating assets and liabilities have been transferred to a wholly-owned subsidiary of the firm, in accordance with Greek law. The Greek subsidiary has been re-named Coca-Cola HBC Greece S.A.I.C, it said. 

However, the firm said the change would have "no impact" on customers, employees or shareholders. 

"The new corporate structure ensures a clear distinction between Coca-Cola Hellenic, which manages operations in 28 countries, and our Greek operations, which produce, distribute and sell Coca-Cola Hellenic’s products in Greece," the company said. 

Meanwhile, the company announced yesterday it will make a capital return to shareholders of EUR0.34 per share, starting 8 August. Its "distinctive" title is also being amended to COCA-COLA HELLENIC for the Athens Stock Exchange, as of today.