BUZZ-Coca Cola HBC: Down after Coca Cola drops plans to refranchise Africa bottling [Reuters]
Coca-Cola Company (The) (KO)
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Source: Reuters
BUZZ-Coca Cola HBC: Down after Coca Cola drops plans to refranchise Africa bottling - Reuters 1 Min Read ** Bottling company Coca Cola HBC AG’s shares down 7.3 pct at 2,651 pence - biggest loser on the FTSE blue chip index, on track for worst day since Feb ** Coca-Cola Co dropped plans to refranchise its Africa bottling business CCBA ** KO to keep its majority stake in the unit for the time being ** KO was looking to refranchise Africa bottling unit, CCH and rival Coca-Cola European Partners were seen as potential buyers ** “Expect some initial disappointment from investors that CCBA appears off the table for now”- Jefferies ** KO is the second largest shareholder in CCH (Reporting by Sangameswaran S in Bengaluru) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. BUZZ-Coca Cola HBC: Down after Coca Cola drops plans to refranchise Africa bottling ** Bottling company Coca Cola HBC AG’s shares
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