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Coca-Cola Hellenic: Media Reports Unfounded

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Coca-Cola Hellenic denied any recent rumours regarding its potential relocation, after a request of the Hellenic Capital Markets Commission. 

According to an announcement, Coca-Cola Hellenic has been bottling and selling its products in the Greek market since 1969, making a significant contribution to the development of the Greek economy. The Group, which is today one of the largest Coca-Cola bottlers globally, maintains its headquarters in Greece from where a multi-national senior management team directs its operations in 28 countries. Its shares have their primary listing on the Athens Stock Exchange with secondary listings on the New York Stock Exchange and the London Stock Exchange. 

The recent announcement concerning the establishment of a shared services center in Bulgaria to consolidate back-office functions in the areas of Human Resources and Finance (e.g. personnel administration) relates not only to Greece but to the majority of its 28 countries. It is aimed at achieving process standardization and operational efficiencies in these areas in line with similar initiatives undertaken by many other multinational groups. 

Mr. Doros Constantinou, Chief Executive Officer of Coca-Cola Hellenic noted: "Greece is an important market for the Group. Despite the current difficult operating environment, our key aim in Greece is to constantly improve our competitiveness and efficiency in order to continue to offer high quality products to our local consumers".

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