- Business
- Coca-Cola HBC AG (CCH.L) is the strategic bottling partner of The Coca-Cola Company that manufactures, markets and distributes a broad portfolio of non-alcoholic and alcoholic beverages across 28 markets in Europe, Russia, Africa and Nigeria. The company offers consumer-leading brands in sparkling beverages including Coca-Cola, Fanta, Sprite and Schweppes; juices such as Fruice and Amita; waters like AVRA, Deep River Rock and Lanitis; sports and energy drinks including Powerade and Monster Energy; ready-to-drink teas; plant-based beverages; coffee through Costa Coffee and Caffè Vergnano; snacks under Bambi Biscuits, Bambi Wafers and Tsakiris Chips; adult sparkling and premium spirits such as Finlandia Vodka; as well as other local brands like Next, Next Joy, Kykkos and Plazma. It sources concentrate bases and syrups from The Coca-Cola Company and partners with additional beverage businesses including Monster Energy, Edrington, Brown-Forman and Bacardi to expand its 24/7 portfolio catering to occasions around the clock with healthier options, premium products and sustainable packaging.
Incorporated in Greece in 1969 as Hellenic Bottling Company S.A. with initial bottling rights granted by The Coca-Cola Company, the firm is headquartered in Steinhausen, Zug, Switzerland following its 2013 redomiciliation and name change to Coca-Cola HBC AG, with primary listing on the London Stock Exchange and secondary listing on the Athens Stock Exchange. Its operations span established markets in Western Europe such as Ireland, Austria, Switzerland and Italy; developing markets across Central and Eastern Europe including Poland, Czech Republic, Hungary, Romania, the Baltic States and the Balkans; and emerging markets in Nigeria, Egypt and select African territories, serving approximately 740 million consumers through retail channels like supermarkets, convenience stores, hotels, restaurants and cafes.
In recent developments, Coca-Cola HBC AG announced in October 2025 an agreement to acquire a 75% stake in Coca-Cola Beverages Africa (CCBA) for $2.6 billion from The Coca-Cola Company (41.52%) and Gutsche Family Investments (33.48%), funded by €2.5 billion bridge financing and new shares representing 5.47% of enlarged share capital, with an option to purchase the remaining 25% from The Coca-Cola Company post-completion targeted by end-2026. This transformative transaction, subject to approvals, will create the world's second-largest Coca-Cola bottler by volume with pro forma 2024 volumes of 4.0 billion unit cases, €14.1 billion revenues and €1.4 billion EBIT, materially expanding its African footprint across 14 high-growth markets representing 40% of Coca-Cola volumes on the continent and enabling a secondary listing on the Johannesburg Stock Exchange. The company anticipates low-single digit EPS accretion from the first full year post-completion, further diversification into compelling demographics and strengthened long-term partnership with The Coca-Cola Company, alongside prior expansions like the coffee business via Costa Coffee and Caffè Vergnano in 20 markets and strategic acquisitions such as Bambi in 2019 and Finlandia Vodka.