Smaller Related Party Transaction
Coca-Cola HBC AG
Sale of a 50% shareholding in Neptunas to The Coca-Cola Company
Zug, Switzerland - 16 September 2016 - Coca-Cola HBC AG ("Coca-Cola HBC" or the "Company") announces that, following the completion of the acquisition of Neptūno Vandenys, UAB ("Neptunas"), a leading bottled water company in Lithuania, by its subsidiary UAB Coca-Cola HBC Lietuva ("CCHBC Lithuania"), CCHBC Lithuania has entered into a binding agreement for the sale of 50% of Neptunas' share capital to The Coca-Cola Company (the "Transaction"). The consideration for the Transaction is approximately €10 million. The Transaction is subject to customary closing conditions and regulatory approvals and is expected to complete in the fourth quarter of 2016.
The Transaction has been entered into with European Refreshments which is a subsidiary of The Coca-Cola Company a substantial shareholder of the Company and, as such, the Transaction constitutes a smaller related party transaction for the purposes of LR 11.1.10R. The Company's sponsor has provided written confirmation that the arrangements are fair and reasonable as far as the Company's shareholders are concerned.
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About Coca‑Cola HBC
Coca-Cola HBC is a leading bottler of The Coca-Cola Company with a sales volume of more than 2 billion unit cases. It has a broad geographic footprint with operations in 28 countries serving a population of approximately 594 million people. Coca-Cola HBC offers a diverse range of 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 beverage industry leader in the Dow Jones Sustainability World and Europe Indices, and is also included in the FTSE4Good Index.
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.
