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Name | Symbol | Market | Type |
---|---|---|---|
Coca Cola HBC AG (PK) | USOTC:CCHGY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 33.86 | 33.58 | 34.84 | 193 | 18:17:15 |
By Denny Jacob
Coca-Cola Co. said Tuesday it is suspending its business in Russia.
The soft drink company said it will continue to monitor and assess the situation as circumstances evolve.
Coca-Cola said the impact to the company is not yet fully known. The company's business in Russia and Ukraine contributed about 1% to 2% of its consolidated net operating revenues and operating income in 2021, according to its most recent public filing. The company said it had an approximately 21% ownership interest in Coca-Cola HBC AG, the company's bottling and distribution partner in the region, as of Dec. 31, 2021.
Shares of Coca-Cola are down 3.7% at $58.81 late in Tuesday's trading session.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
March 08, 2022 16:12 ET (21:12 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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