Coca-Cola HBC says hasn't had any notification of changes to Russian operations

(Sharecast News) - Coca-Cola HBC said on Friday that it had received no notification from the Russian government of any changes to its operations in Russia, which have been operated locally on a self-standing basis since 2022. Shares in the bottler of Coca-Cola products tumbled on Thursday following reports its Russian business could be seized or placed under state-controlled external management.

It said in a brief statement on Friday: "Coca-Cola HBC does not rely on income or capital from its Russian business to fund the group's operations outside Russia or to service the group's indebtedness.

"Coca-Cola HBC will provide further updates as appropriate."

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