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CCHGY Coca Cola HBC AG (PK)

33.86
0.00 (0.00%)
03 Jul 2024 - Closed
Delayed by 15 minutes
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

Coca-Cola Suspends Business in Russia

08/03/2022 9:27pm

Dow Jones News


Coca Cola HBC (PK) (USOTC:CCHGY)
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   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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