Showing posts with label CCH. Show all posts
Showing posts with label CCH. Show all posts

10.11.2012

WSJ on CCH move to Switzerland

Bottler Spills Out of Athens - Biggest Company Departs; 'De-Greeking' Coca-Cola Hellenic Amid Debt Crisis

 Excerpt:

Coca-Cola Hellenic, which bottles juice and soft drinks in 28 countries, joins a spate of companies seeking ways to shed the risks associated with Europe's indebted southern rim and, in particular, to overcome the difficulties of raising money in financially-crippled countries. The move by Coca-Cola Hellenic also is a major blow to the Athens stock market, which is languishing at 20-year lows amid Europe's debt crisis, now well into its third year. The company, which is the second-biggest bottler of products by Coca-Cola Co., represents about a fifth of the exchange's capitalization, up from about 5% in 2009. ... Coca-Cola Hellenic was prodded to move after rating firms downgraded its credit this summer to three notches above "junk" level, citing the risk that Greece could exit the 17-nation euro zone. The downgrade came despite the group's strong financial profile: Atlanta-based Coca-Cola owns 23% of the company, which earns 95% of its revenues outside Greece.
Comment: Article may be behind Wall Street Journal paywall.

Investing in Coca-Cola

There's the main Coca-Cola company - stock symbol KO
Then there is Coca Cola Enterprises which trades as CCE
Then there's FEMSA which trades as FMX
Then there's Coca Cola Hellenic which trades as CCH. CCH was in the news today because they are the largest company in Greece .... and they are moving to Switzerland
Then there's Coca-Cola Bottling Co. Consolidated which trades as COKE. Not done yet:
Then there's Coca-Cola Amatil which trades on the Australian Exchange as CCL.
Then there's Embotelladora Andina which trades as AKO-A an AKO-B Complex isn't it! KO is one of my favorite stocks.