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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.04 | 0.12% | 34.56 | 34.07 | 35.31 | 34.56 | 34.56 | 34.56 | 742 | 21:01:31 |
By Josh Beckerman
S&P Global Ratings revised its outlook to negative from stable for Coca-Cola HBC AG, whose operations include Coca-Cola sales in Russia and Ukraine.
S&P, which affirmed the company's ratings, said Russia represented about 15.5% of total volume in 2021.
Last week, Coca-Cola Co. said it would suspend operations in Russia. As of Dec. 31, Coca-Cola Co. owned about 21% of Coca-Cola HBC.
In addition to "material disruptions" resulting from the suspension, Coca-Cola HBC faces issues including high commodity costs, S&P said.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
March 17, 2022 14:06 ET (18:06 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year Coca Cola HBC (PK) Chart |
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