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Coca-Cola HBC AG completed the acquisition of a 30% equity shareholding in Casa del Caffè Vergnano on October 7, 2021. As part of this deal, Coca-Cola HBC also entered into an exclusive distribution agreement for Caffè Vergnano's products in Coca-Cola HBC's territories outside of Italy.
| Date | 7 Oct 2021 |
| Time | 10:44:33 |
| Category | Acquisitions and alliances |
| ID | 3576O |
Coca-Cola HBC AG
Completes the acquisition of a minority stake in Caffè Vergnano
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
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Investors and Analysts: |
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Joanna Kennedy Investor Relations Director |
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Carla Fabiano Investor Relations Manager |
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Marios Matar Investor Relations Manager |
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Media: |
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David Hart Group Communication Director |
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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.