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Athens Macedonian News Agency: News in English, 12-10-11

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Coca Cola Hellenic moving to Switzerland, to list on LSE

  • [01] Coca Cola Hellenic moving to Switzerland, to list on LSE

    AMNA / Coca Cola Hellenic on Thursday announced that it was moving to Switzerland and listing its shares in the premium category of the London Stock Exchange, through a stock swap under a public offer submitted by Coca Cola HBC AG to acquire Coca Cola Hellenic.

    Coca Cola HBC AG will become the new parent company of the group, based in Switzerland. Under the plan, the stock swap will be on an one-to-one basis, while the new shares will be listed in the London Stock Exchange with secondary listings in the Athens Stock Exchange and NYSE (through ADRs).

    The main targets of the public swap offer are to better reflect the international nature of business activities and shareholder base of Coca Cola Hellenic, through its primary listing in the largest market in Europe with the largest number of multinational company listings.www.amna.gr

    Another target is to boost trading in its shares through its primary listing in the premium category of the London Stock Exchange and to facilitate a possible entry in the FTSE 100 index. Another aim is to improving Coca Cola Hellenic's access in international capital markets and to boost its flexibility in raising new capital to support its activities and investment projects.

    The plan will have any change in the activities, strategy and priorities of Coca Cola Hellenic, as its current management will remain at the helm. The transaction will also not affect Coca Cola Hellenic's bonds with Greece, as the company will maintain its production and distribution units and Greece.

    Coca Cola HBC AG was set up by Boval SA subsidiary, Kar-Tess Holding, with the aim to facilitate the transaction and has no other activities.amna


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