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