Coca Cola HBC : Completes the acquisition of a minority stake in Caffè Vergnano
October 07, 2021 at 09:17 am EDT
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Coca-Cola HBC AG Completes the acquisition of a minority stake in Caffè Vergnano
Coca-Cola HBC AG Completes the acquisition of a minority stake in Caffè Vergnano
07 Oct 2021
Zug, Switzerland - 7 October 2021 - Following its announcement on 28 June 2021, Coca-Cola HBC AG ("Coca-Cola HBC") is pleased to announce the completion of the acquisition of a 30% equity shareholding in Casa del Caffè Vergnano ("Caffè Vergnano").
Caffè Vergnano is one of the oldest coffee roasters in Italy offering a truly premium, high-quality coffee that represents Italian heritage and authenticity at its best. As part of this deal, Coca-Cola HBC has entered into an exclusive distribution agreement for Caffè Vergnano's products in Coca-Cola HBC's territories outside of Italy.
Coca‑Cola HBC Group
Investors and Analysts:
Joanna Kennedy
Investor Relations Director
Tel: +44 7802 427505
joanna.kennedy@cchellenic.com
Carla Fabiano
Investor Relations Manager
Tel: +44 7808 215245
carla.fabiano@cchellenic.com
Marios Matar
Investor Relations Manager
Tel: +306974443335
marios.matar@cchellenic.com
Media:
David Hart
Group Communication Director
Tel: +41 41 726 0143
david.hart@cchellenic.com
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 more than 600 million consumers across a broad geographic footprint of 28 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 more than 26,000 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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Coca-Cola HBC AG published this content on 07 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 October 2021 13:16:04 UTC.
Coca-Cola HBC AG is is one of the world's leading producers and bottlers of non-alcoholic beverages (soft drinks and mineral waters). In 2023, the group provided 2,835.5 million beverage cases. Net sales break down by country as follows:
- emerging countries (46.5%): Nigeria, Romania, Bulgaria, Armenia, Yugoslavia, Bosnia and Herzegovina, Moldova, Russia, Serbia, Montenegro, Ukraine, etc.;
- industrialized countries (33%): Italy, Greece, Ireland, Austria, and Switzerland;
- developing countries (20.5%): Poland, Hungary, Czech Republic, Baltic States, Croatia, Slovenia and Slovakia.