Coca-Cola HBC announces completion of Lanitis Bros Public Limited tender
Coca-Cola HBC intends to apply for a de-listing of the Lanitis Bros shares from the Cyprus Stock Exchange and acquire the remaining shares that were not tendered in the offer.
10/04/06 Coca-Cola Hellenic Bottling Company S.A. has announced the successful completion of its tender offer for the outstanding share capital of Lanitis Bros Public Limited on terms that have previously been announced.
Following the completion of the offer CCHBC controls 95.43% of the outstanding share capital of Lanitis Bros Public Limited. Coca-Cola HBC intends to apply for a de-listing of the Lanitis Bros shares from the Cyprus Stock Exchange and acquire the remaining shares that were not tendered in the offer.
Doros Constantinou, Managing Director of Coca-Cola HBC, said: “We are pleased that we have completed this acquisition. Lanitis Bros is truly a total beverage company with a strong portfolio of products. It has a long, successful tradition as the market leader in Cyprus, and we are delighted to welcome the Lanitis Bros organisation to CCHBC.”
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.
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