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Coca-Cola Hellenic: Announcement


Athens, Greece – 10 November 2011 - Coca-Cola Hellenic Bottling Company S.A.        (Coca-Cola Hellenic) announced today that it has reached an agreement to acquire, together with Heineken N.V. (Heineken), 41.2 % of minority shares in their joint venture company, Pivara Skopje, in the Former Yugoslav Republic of Macedonia (FYROM).

The aggregate consideration for the transaction is €79.1 million (excluding acquisition costs) to be equally divided between Coca-Cola Hellenic and Heineken.
The transaction is subject to approval by the competition authorities in FYROM and is expected to be completed in early 2012. Coca-Cola Hellenic and Heineken will collectively own 96.5% of the shares in Pivara Skopje following the closing of the transaction.
Pivara Skopje was established in 1924. In 1998 Coca-Cola Hellenic and Heineken together acquired the majority interest in the company. Today Pivara Skopje is the largest beer and soft drinks company in FYROM manufacturing, distributing and selling the brands of The Coca-Cola Company and Heineken. Pivara Skopje will continue working closely with local distributors and customers to develop the business further creating value for all stakeholders.
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