Coca-Cola HBC AG
Completion of the acquisition of Bambi, the leading confectionery brand in Serbia
Following its initial announcement on 18 February 2019, Coca-Cola HBC AG ("Coca-Cola HBC") is pleased to confirm the completion of the acquisition of Bambi, Serbia's leading confectionery brand. Coca-Cola HBC will now include the Bambi business in its consolidated financial statements.
The acquisition adds market-leading, iconic brands in a relevant, adjacent category, creating opportunities for revenue synergies, complementary innovation and cost efficiencies. The Bambi business also brings a strong distribution network, including chilled distribution, in strategically important channels such as traditional retail and HoReCa.
Zoran Bogdanovic, CEO of Coca-Cola HBC, commented: "I would like to welcome the Bambi team to the Coca-Cola HBC family. We have exciting times ahead as together we look to create value for our customers and ourselves, by strengthening our presence in key consumption occasions, such as the start of the day, on the go and at home snacking and refreshment."
Coca-Cola HBC GroupJoanna Kennedy
Investor Relations Director
Investor Relations Manager
Group External Communication Director
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About Coca‑Cola HBC
Coca-Cola HBC is a leading bottler of The Coca-Cola Company with an annual sales volume of more than 2 billion unit cases. It has a broad geographic footprint with operations in 28 countries serving a population of more than 600 million people. Coca-Cola HBC offers a diverse range of primarily non-alcoholic ready-to-drink beverages in the sparkling, juice, water, sport, energy, tea and coffee categories. Coca-Cola HBC is committed to promoting sustainable development in order to create value for its business and for society. This includes providing products that meet the beverage needs of consumers, fostering an open and inclusive work environment, conducting its business in ways that protect and preserve the environment and contribute to the socio-economic development of the local communities. Coca-Cola HBC is ranked among the top sustainability performers in ESG benchmarks such as the Dow Jones Sustainability Indices, CDP, MSCI ESG and FTSE4Good, among others.
Coca-Cola HBC has a premium listing on the London Stock Exchange (LSE: CCH) and its shares are listed on the Athens Exchange (ATHEX: EEE). For more information, please visit http://www.coca-colahellenic.com.