Coca-Cola HBC announces acquisition of Traficante Group
Traficante Group is a producer of a high quality mineral water in Italy with significant water reserves.
16/02/06 Coca-Cola Hellenic Bottling Company S.A. has announced that it has agreed to acquire, jointly with The Coca-Cola Company, 100% of the Traficante Group, a producer of a high quality mineral water in Italy with significant water reserves. The acquisition includes two production facilities in the south, as well as the national mineral water brand “Lilia” and “Lilia Kiss” (still and sparkling).
The total net consideration for the transaction is EUR35 million (including debt but excluding acquisition costs). The transaction is subject to regulatory approval and is expected to be finalized in the second quarter of 2006.
Coca-Cola HBC is one of the world's largest bottlers of products of The Coca-Cola Company and has operations in 26 countries serving a population of more than 540 million people. CCHBC shares are listed on the Athens Exchange, with secondary listings on the London and Australian Stock Exchanges. CCHBC’s American Depositary Receipts (ADRs) are listed on the New York Stock Exchange.
http://www.coca-colahbc.com/cms/view.php?dir_pk=9&cms_pk=492
