Two major shareholders in the Greek soft drinks group, Coca-Cola Hellenic Bottling Co. (CCHBC), have cancelled plans to sell off part of their stakes in the company, citing poor market conditions as the reason.

The sale of the shares by Coca-Cola Company and Socomex SA, part of the Kar-Tess Group - around 13m shares in total representing around 5.5% of the CCHBC's capital - was due to coincide with the company's listing on the New York Stock Exchange.

However, CCHBC said that it still planned to go ahead with the listing on the NYSE on 10 October.