Coca-Cola HBC AG Sale of a 50% shareholding in Neptunas to TCCC (0986K)
16 September 2016 - 10:42PM
UK Regulatory
TIDMCCH
RNS Number : 0986K
Coca-Cola HBC AG
16 September 2016
Smaller Related Party Transaction
Coca-Cola HBC AG
Sale of a 50% shareholding in Neptunas to The Coca-Cola
Company
Zug, Switzerland - 16 September 2016 - Coca-Cola HBC AG
("Coca-Cola HBC" or the "Company") announces that, following the
completion of the acquisition of Nept no Vandenys, UAB
("Neptunas"), a leading bottled water company in Lithuania, by its
subsidiary UAB Coca-Cola HBC Lietuva ("CCHBC Lithuania"), CCHBC
Lithuania has entered into a binding agreement for the sale of 50%
of Neptunas' share capital to The Coca-Cola Company (the
"Transaction"). The consideration for the Transaction is
approximately EUR10 million. The Transaction is subject to
customary closing conditions and regulatory approvals and is
expected to complete in the fourth quarter of 2016.
The Transaction has been entered into with European Refreshments
which is a subsidiary of The Coca-Cola Company a substantial
shareholder of the Company and, as such, the Transaction
constitutes a smaller related party transaction for the purposes of
LR 11.1.10R. The Company's sponsor has provided written
confirmation that the arrangements are fair and reasonable as far
as the Company's shareholders are concerned.
Enquiries
Coca--Cola HBC Group Tel: +44 20 37 444 231
Basak Kotler basak.kotler@cchellenic.c
Investor Relations Director om
Caroline Crampton Tel : +44 20 37 444 230
Investor Relations Manager caroline.crampton@cchellenic.com
Vasso Aliferi Tel: +30 210 6183 341
Investor Relations Manager vasso.aliferi@cchellenic.com
International media contact:
Teneo Tel: +44 20 7240 2486
Rob Morgan robert.morgan@teneostrategy.com
Anushka Mathew anushka.mathew@teneostrategy.com
Greek media contact:
V+O Communications Tel: +30 211 7501219
Argyro Oikonomou ao@vando.gr
About Coca--Cola HBC
Coca-Cola HBC is a leading bottler of The Coca-Cola Company with
a sales volume of more than 2 billion unit cases. It has a broad
geographic footprint with operations in 28 countries serving a
population of approximately 594 million people. Coca-Cola HBC
offers a diverse range of non-alcoholic ready to drink beverages in
the sparkling, juice, water, sport, energy, tea and coffee
categories. Coca-Cola HBC is committed to promoting sustainable
development in order to create value for its business and for
society. This includes providing products that meet the beverage
needs of consumers, fostering an open and inclusive work
environment, conducting its business in ways that protect and
preserve the environment and contribute to the socio-economic
development of the local communities. Coca-Cola HBC is ranked
beverage industry leader in the Dow Jones Sustainability World and
Europe Indices, and is also included in the FTSE4Good Index.
Coca-Cola HBC has a premium listing on the London Stock Exchange
(LSE: CCH) and its shares are listed on the Athens Exchange (ATHEX:
EEE). For more information, please visit
http://www.coca-colahellenic.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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