Coke bottler Coca-Cola HBC depleting stock in Russia [Reuters]
COCA COLA HBC UNSP/ADR (CCHGY)
NASDAQ:AMEX Investor Relations:
coca-colahellenic.com/en/investors
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Source: Reuters
Co (KO.N) said in a statement, after Reuters reported that Coke was for sale at a McDonald's Corp (MCD.N) franchise in St. Petersburg. read more Once the stock is depleted, Zug, Switzerland-based Coca-Cola HBC, an independent company, will "no longer produce or sell Coca-Cola or other brands of the Coca-Cola Company in Russia," Atlanta-based Coca-Cola said. Advertisement · Scroll to continue Coca-Cola HBC in May said it was evaluating all options for the Russian market and said it stopped placing orders for concentrate on March 8. The company, which has 10 production sites in Russia, said it would focus on local brands. read more Coca-Cola in March joined an exodus of U.S. companies leaving Russia after its invasion of neighboring Ukraine in February. Coca-Cola HBC at that time said it was working in close alignment with Coke on the implementation of its decision. Advertisement · Scroll to continue Coca-Cola holds a 23% stake in the bottler. Coca-Cola HBC bottles and sel
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