10 November 2011
Coca-Cola Hellenic Bottling Company S.A. announces that it has reached agreement, together with Heineken N.V., to acquire minority shares in their joint venture company Pivara Skopje.
Athens , Greece - 10 November 2011 - Coca-Cola Hellenic Bottling Company S.A. (Coca-Cola Hellenic) announced today that it has reached an agreement to acquire, together with Heineken N.V. (Heineken), 41.2 % of minority shares in their joint venture company, Pivara Skopje, in the Former Yugoslav Republic of Macedonia (FYROM).
The aggregate consideration for the transaction is €79.1 million (excluding acquisition costs) to be equally divided between Coca-Cola Hellenic and Heineken.
The transaction is subject to approval by the competition authorities in FYROM and is expected to be completed in early 2012. Coca-Cola Hellenic and Heineken will collectively own 96.5% of the shares in Pivara Skopje following the closing of the transaction.
Pivara Skopje was established in 1924. In 1998 Coca-Cola
Hellenic and Heineken together acquired the majority
interest in the company. Today Pivara Skopje is the
largest beer and soft drinks company in FYROM
manufacturing, distributing and selling the brands of The
Coca-Cola Company and Heineken. Pivara Skopje will
continue working closely with local distributors and
customers to develop the business further creating value
for all stakeholders.
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Oya Gur |
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Panagiotis Vergis |
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About Coca-Cola Hellenic
Coca-Cola Hellenic is the second-largest bottler of
products of The Coca-Cola Company in terms of volume with
sales of more than 2 billion unit cases. It has broad
geographic footprint with operations in 28 countries
serving a population of more than 560 million people.
Coca-Cola Hellenic offers a diverse range of ready-to-drink
non-alcoholic beverages in the sparkling, juice, water,
sport, energy, tea and coffee categories. Coca-Cola
Hellenic 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 our business in ways that protect
and preserve the environment and contribute to the
socio-economic development of our local communities.
Coca-Cola Hellenic's shares are listed on the Athens
Exchange (ATHEX: EEEK), with a secondary listing on the
London Stock Exchange (LSE: CCB). Coca-Cola Hellenic's
American Depositary Receipts (ADRs) are listed on the New
York Stock Exchange (NYSE: CCH). Coca-Cola Hellenic is
included in the Dow Jones Sustainability and FTSE4Good
Indexes.www.coca-colahellenic.com.