Athens, Greece – April 4, 2005 – Coca‑Cola Hellenic Bottling Company S.A. (Coca‑Cola HBC, CCHBC) announced today the acquisition, jointly with The Coca‑Cola Company (TCCC), of 100% of Bankia, one of the leading Bulgarian natural mineral water companies.
The acquisition cost and the financial results will be shared equally by CCHBC and TCCC. CCHBC’s share of the acquisition cost will be fully covered through its existing debt facilities and internal cashflow and is not expected to adversely impact the company’s financial results.
Bankia’s assets include production facilities located just outside the Bulgarian capital of Sofia and the natural mineral water brand Bankia. The acquisition is subject to regulatory approval from the Bulgarian state authorities.
Mr Doros Constantinou, Managing Director of CCHBC, commented, “This acquisition is a significant further commitment to our operations in Bulgaria. Bankia has great potential for continued growth in Bulgaria’s rapidly expanding bottled water segment. We have a strong track record in integrating new water businesses into the group as part of our water strategy and we are very pleased to welcome another high quality local brand to our system portfolio”.
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 500 million people. CCHBC shares are listed on the Athens Exchange (ATHEX: EEEK), with secondary listings on the London (LSE: CCB) and Australian (ASX: CHB) Stock Exchanges. CCHBC’s American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE: CCH).
Coca‑Cola HBC – Investor Relations
Tel: +30 210 618 3100
European Press Contact:
Financial Dynamics Athens
Tel: (+30) 210 725 8194
Mobile: (+30) 694 775 2284
US Press Contact:
Financial Dynamics US
Tel: +1 212 850 5600
Coca‑Cola HBC’s website is located at www.coca-colahbc.com.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS
This document contains forward-looking statements that involve risks and uncertainties. These statements may generally, but not always, be identified by the use of words such as ‘believe’, ‘outlook’, ‘guidance’, ‘intend’, ‘expect’, ‘anticipate’, ‘plan’, ‘target’ and similar expressions to identify forward-looking statements. All statements other than statements of historical facts, including, among others, statements regarding projected levels of growth in Bulgaria’s bottled water segment and the effect of the Bankia acquisition on our financial results and our growth in Bulgaria’s bottled water segment, are forward-looking statements. You should not place undue reliance on these forward-looking statements. By their nature, forwardlooking statements involve risk and uncertainty because they reflect our current expectations and assumptions as to future events and circumstances that may not prove accurate. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in our annual report on Form 20-F filed with the U.S. Securities and Exchange Commission (File No 1-31466).
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot assure you that our future results, level of activity, performance or achievements will meet these expectations. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. Unless we are required by law to update these statements, we will not necessarily update any of these statements after the date of the consolidated financial statements included here, either to conform them to actual results or to changes in our expectations.