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Bottler Coca-Cola HBC says no notification from Russia on asset changes

Reuters
Bottler Coca-Cola HBC says no notification from Russia on asset changes

Nov 6 (Reuters) - Bottler Coca-Cola HBC, ‌the bottling partner for Coca-Cola in Central and Eastern Europe and Africa, said on Thursday it had ​not received ‌any notification from Russia of any changes to its ‌operations in the country.

• It said in a statement it had taken note of recent speculation about its Russian ‌operations. Those operations have been running locally on a self-standing basis since 2022, it added

• The Russian Kommersant newspaper, citing sources, said earlier on Thursday that Bochkari, a Russian beer and ⁠soft drink maker, last month asked President Vladimir Putin to ‌place the assets of Multon ⁠Partners LLC and Multon JSC under external management

• It said ​that according to the SPARK corporate database, Switzerland-based Coca-Cola HBC is the parent company for Multon Partners LLC. ​Shareholders of Multon JSC were not disclosed, it said

• ​Kommersant ‌said Bochkari had asked to be appointed as the temporary administrator ​and that the proposal had gained "the partial backing" of ⁠some deputy prime ministers

• Coca-Cola HBC ‌said in its ​statement that it does not rely ​on income or capital from its Russian business to fund the group's operations outside Russia or to service its debt

• Coca-Cola HBC bottles and sells Coca-Cola products in ‌28 markets and is 21% owned by The Coca-Cola Company, according to the bottler's website

• On Thursday, Putin signed a ‌decree to ​temporarily seize the Russian assets of Japan Tobacco International, making it the latest foreign company to lose control of local operations in a widening crackdown following Russia's 2022 invasion of Ukraine

(Reporting ‌by Jekaterīna Golubkova in Tokyo; Editing by Edwina Gibbs)