1969; 56 years ago (1969), in Athens, Greece (as Hellenic Bottling Company S.A.) 2000; 25 years ago (2000) (as Coca-Cola Hellenic Bottling Company S.A.) 2013; 12 years ago (2013) (as Coca-Cola HBC AG)
Coca-Cola HBC AG also known as Coca-Cola Hellenic Bottling Company[4][5] or just Coca-Cola Hellenic is the world's third-largest Coca-Cola anchor bottler in terms of volume with sales of more than 2 billion unit cases. Coca-Cola HBC's shares are primarily listed on the London Stock Exchange with a secondary listing on the Athens Stock Exchange. The company is a constituent of the FTSE 100 Index. Coca-Cola HBC has been named the industry leader among beverage companies in the 2014 Dow Jones Sustainability Index[6] and is also included in the FTSE4Good Index.[7]
History
Hellenic Bottling Company S.A. (Greek: Ελληνική Εταιρεία Εμφιαλώσεως) was incorporated under the laws of Greece in 1969, with headquarters in Athens. The Coca-Cola Company granted to the company its bottling rights in the country in 1969.[8] In August 2000 Hellenic Bottling Company S.A. acquired Coca-Cola Beverages Ltd, the former European operations of Coca-Cola Amatil, and formed Coca-Cola Hellenic Bottling Company S.A.[9]
In October 2012, the company announced that it was moving its operational headquarters to Switzerland and would switch its main market listing to London. This was a major blow to the Athens stock market, as Coca-Cola Hellenic was its largest listed company by value. Reasons for the move included better access to financing and a move away from crisis ridden Greece, which had prompted ratings agencies to downgrade its credit over the summer to three notches above "junk" level.[10]
On 29 April 2013 Coca-Cola HBC AG, now a Swiss holding company, was admitted to the London Stock Exchange’s main market.[11]
On 11 September 2013 Coca-Cola HBC AG announced its inclusion into the FTSE 100 and FTSE All-Share indices. Coca-Cola HBC was named the industry leader among beverage companies in the 2014 Dow Jones Sustainability Index.[6]
In October 2017 the company's chief executive officer, Dimitris Lois, died after a period of illness.[13] On 7 December 2017, Zoran Bogdanović was appointed as new chief executive officer by the board of directors.[14]
In January 2019, the Coca-Cola HBC announced that its carbonated water brand Valser would use captured carbon from the direct air capture company Climeworks,[15] and in 2021, a Coca-Cola HBC official stated in an interview with The Wall Street Journal that 30 percent of their production was done with captured carbon from Climeworks.[16]
On 18 February 2019, the company announced a deal valued at €260 million to acquire Serbian food company Bambi from Mid Europa Partners.[17][18]
The company's stock is 23.3% owned by the Kar-Tess Holding (a Luxembourg company) and 23.2% by The Coca-Cola Company. The remaining 53.5% are in free float, of which about two-thirds are held by UK and US institutional investors.[20]
Coca-Cola HBC in Russia
On 26 August 2022, it was announced that the Russian division of Coca-Cola HBC would be renamed "Multon Partners".[21][22][23]
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