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Thursday, October 11, 2012

Greece's Coke Crash

Sadly for Greece, its love affair with coke (it's largest company) is to come to an abrupt end as Coke moves its listing from Athens to London.

As per Reuters:
"Coca Cola Hellenic, Greece's biggest company by market value, said on Thursday it would switch its main bourse listing to London, where it hopes to tap more liquidity from investors.
Coca Cola Hellenic said in a bourse filing that shareholders would exchange all their stock into shares of Coca Cola HBC AG, a Swiss-based firm.

"The purpose of the public share exchange offer ... is to facilitate the listing of Coca Cola Hellenic into the premium category of the London Stock Exchange and the introduction to the New York Stock Exchange." 
The party's over!

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