Coca-Cola HBC AG Coca-Cola HBC agrees to acquire Lurisia (8729M)
19 September 2019 - 2:46AM
UK Regulatory
TIDMCCH
RNS Number : 8729M
Coca-Cola HBC AG
18 September 2019
FOR IMMEDIATE RELEASE
Coca-Cola HBC AG
Coca-Cola HBC agrees to acquire Lurisia, an Italian premium
water and adult sparkling beverages company
Zug, Switzerland - 18 September 2019 - Coca--Cola HBC AG
("Coca-Cola HBC") is pleased to announce that it has entered into
an agreement for the acquisition of Acque Minerali S.r.l. ("Acque
Minerali" or "Lurisia"), a privately-held natural mineral water and
adult sparkling beverages business in Italy. The acquisition is
being made through Coca-Cola HBC's wholly-owned subsidiary,
Coca-Cola HBC Italia S.r.l.
The acquisition is being made in conjunction with The Coca-Cola
Company, in-line with previous similar acquisitions (the
"Transaction"). The selling shareholders are the private equity
fund IDeA Taste of Italy, managed by DeA Capital Alternative Funds
SGR S.r.l., the Invernizzi family, and Eataly Distribuzione S.r.l.
The total enterprise value payable by Coca-Cola HBC and The
Coca-Cola Company, subject to customary closing adjustments,
amounts to EUR88 million. Completion of the acquisition is subject
to certain conditions and is expected by the end of 2019. As part
of the Transaction, Piero Bagnasco, CEO of Lurisia, and Alessandro
Invernizzi will remain on the board of directors of Acque Minerali.
Both are representatives of two of the selling shareholders.
Founded in 1940 in Roccaforte Mondovì, Northwest Italy, Acque
Minerali is a producer and distributor of premium, natural mineral
water and adult sparkling beverages under the Lurisia brand. In the
water category, the company offers still and sparkling water in PET
and glass packaging, sourced from springs 1,400 meters above sea
level in Monte Pigna. The company has been a pioneer in offering
water products in bell-shaped glass bottles, designed by the
Italian architecture and design studio Sottsass Associati. In the
adult sparkling segment, Lurisia offers beverages inspired by
authentic Italian recipes, based on ingredients sourced within the
country. They are offered in the following flavours: Chinotto,
Gazzosa, Aranciata, Aranciata Rossa, Aranciata Amara, Limonata and
Tonica. Lurisia products enjoy high brand awareness and are
associated with quality, authenticity, taste and the Italian
lifestyle. Since 2008, the company has been a partner in the main
events organised by Slow Food, a non-profit organisation set up in
1986 in Italy promoting local food and traditional cooking.
The acquisition of Lurisia complements the existing Coca-Cola
HBC beverage portfolio in Italy and is a strong fit for the
company's 24/7 total beverage partner strategy. It supports the
company's drive to further premiumise its portfolio and offer
consumers an authentic Italian brand with strong heritage and
well-rooted Italian origins.
As the acquisition is being made in conjunction with The
Coca-Cola Company, it constitutes a smaller related party
transaction under LR 11.1.10.R. The Board of Directors of Coca-Cola
HBC is satisfied that the terms of the Transaction are fair and
reasonable to shareholders. UBS AG London Branch ("UBS") is acting
as Financial Adviser and Sponsor to Coca-Cola HBC.
Enquiries
Coca--Cola HBC Group
Investors and Analysts:
Joanna Kennedy Tel: +44 20 37 444 230
Investor Relations Director joanna.kennedy@cchellenic.com
Carla Fabiano Tel: +44 20 37 444 231
Investor Relations Manager carla.fabiano@cchellenic.com
Media:
David Hart Tel: +41 41 726 0143
Group External Communication david.hart@cchellenic.com
Director
International media
contact:
Teneo Tel: +44 7557 413 275
Rob Morgan robert.morgan@teneo.com
Tom Davies tom.davies@teneo.com
Greek media contact:
V+O Communications Tel: +30 211 7501219
Argyro Oikonomou ao@vando.gr
UBS Tel: +44 207 567 8000
Stefanos Papapanagiotou stefanos.papapanagiotou@ubs.com
Adrian Beidas adrian.beidas@ubs.com
About Coca--Cola HBC
Coca--Cola HBC is a high-growth FMCG business and a strategic
partner of The Coca--Cola Company with an annual sales volume of
more than 2 billion unit cases. It has a broad geographic footprint
with operations in 28 countries serving a population of more than
600 million people. Coca--Cola HBC offers a diverse range of
primarily 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 among the top sustainability
performers in ESG benchmarks such as the Dow Jones Sustainability
Indices, CDP, MSCI ESG and FTSE4Good, among others.
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.
About UBS
UBS is authorised and regulated by the Financial Market
Supervisory Authority in Switzerland. It is authorised by the
Prudential Regulation Authority and subject to regulation by the
Financial Conduct Authority and limited regulation by the
Prudential Regulation Authority in the United Kingdom. UBS is
acting exclusively as sponsor and financial adviser to Coca-Cola
HBC and no one else in connection with the Transaction. In
connection with such matters, UBS will not regard any other person
as its client, nor will it be responsible to any other person for
providing the protections afforded to its clients or for providing
advice in relation to the Transaction, the contents of this press
release or any other matter referred to herein.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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