Coca-Cola HBC AG Completes acquisition of further stake in CCBCE (5918Z)
January 25 2022 - 7:50AM
UK Regulatory
TIDMCCH
RNS Number : 5918Z
Coca-Cola HBC AG
25 January 2022
Coca-Cola HBC AG
COMPLETES ACQUISITION OF FURTHER STAKE IN
COCA-COLA BOTTLING COMPANY OF EGYPT
Zug, Switzerland, 25 January 2022. Following its announcements
on 12 August 2021 and 13 January 2022, Coca-Cola HBC AG ("Coca-Cola
HBC") today announced the completion of the acquisition by its
wholly-owned subsidiary, Coca-Cola HBC Holdings BV ("CCH
Holdings"), of a further approximately 42% of the shares in
Coca-Cola Bottling Company of Egypt S.A.E. ("CCBCE") from a
wholly-owned affiliate of The Coca-Cola Company for a cash
consideration of approximately US$123 million, bringing CCH
Holdings' total ownership in CCBCE to 94.7%.
Enquiries
Coca--Cola HBC Group
Investors and Analysts:
Joanna Kennedy Tel: +44 7802 427505
Investor Relations Director joanna.kennedy@cchellenic.com
Jemima Benstead Tel: +44 7740 535130
Investor Relations Manager jemima.benstead@cchellenic.com
Marios Matar Tel: +30 697 444 3335
Investor Relations Manager marios.matar@cchellenic.com
Media :
David Hart Tel: +41 41 726 0143
Group Communication Director david.hart@cchellenic.com
About The Coca-Cola Company
The Coca-Cola Company (NYSE: KO) is a total beverage company
with products sold in more than 200 countries and territories. Our
company's purpose is to refresh the world and make a difference. We
sell multiple billion-dollar brands across several beverage
categories worldwide. Our portfolio of sparkling soft drink brands
includes Coca-Cola, Sprite and Fanta. Our hydration, sports, coffee
and tea brands include Dasani, smartwater, vitaminwater, Topo
Chico, BODYARMOR, Powerade, Costa, Georgia, Gold Peak, Honest and
Ayataka. Our nutrition, juice, dairy and plant-based beverage
brands include Minute Maid, Simply, innocent, Del Valle, fairlife
and AdeS. We're constantly transforming our portfolio, from
reducing sugar in our drinks to bringing innovative new products to
market. We seek to positively impact people's lives, communities
and the planet through water replenishment, packaging recycling,
sustainable sourcing practices and carbon emissions reductions
across our value chain. Together with our bottling partners, we
employ more than 700,000 people, helping bring economic opportunity
to local communities worldwide. Learn more at
www.coca-colacompany.com and follow us on Twitter , Instagram ,
Facebook and LinkedIn .
About Coca-Cola HBC
Coca-Cola HBC is a growth-focused consumer packaged goods
business and strategic bottling partner of The Coca-Cola Company.
We create value for all our stakeholders by supporting the
socio-economic development of the communities in which we operate
and we believe building a more positive environmental impact is
integral to our future growth. Together, we and our customers serve
715 million consumers across a broad geographic footprint of 29
countries on three continents. Our portfolio is one of the
strongest, broadest and most flexible in the beverage industry,
offering consumer-leading beverage brands in the sparkling, juice,
water, sport, energy, plant-based, ready-to-drink tea, coffee,
adult sparkling and premium spirits categories. These beverages
include Coca-Cola, Coca-Cola Zero, Schweppes, Kinley, Costa,
Valser, Romerquelle, Fanta, Sprite, Powerade, FuzeTea, Dobry,
Cappy, Monster and Adez. We foster an open and inclusive work
environment amongst our 36,000 employees and we are ranked among
the top sustainability performers in ESG benchmarks such as the Dow
Jones Sustainability Indices, CDP, MSCI ESG and FTSE4Good.
Coca-Cola HBC has a premium listing on the London Stock Exchange
(LSE:CCH) and is listed on the Athens Exchange (ATHEX:EEE). For
more information, please visit https://www.coca-colahellenic.com
.
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