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Jun 2013

Bernitsas Law advises on Coca-Cola relisting

Bernitsas Law advised Credit Suisse in its capacity as financial adviser and listing agent of Coca-Cola HBC (CCHBC) in connection with the structuring and execution of the relisting of Coca-Cola Hellenic Bottling Company (CCH) pursuant to a voluntary exchange offer made by CCHBC to acquire 100% of CCH and the subsequent relisting of CCH through CCHBC on the premium segment of the official list of the UKLA, its listing on the New York Stock Exchange and its parallel listing on the Athens Exchange, with a transaction value of €5bn.

CCH is one of Coca-Cola’s top bottlers with operations worldwide. CCHBC is a Swiss company and the transaction effectively involved the delisting of CCC from the Athens Exchange and its relisting through CCHBC on the premium segment of the official list of the UKLA, its listing on the New York Stock Exchange and its parallel listing on the Athens Exchange.

The transaction was the first voluntary exchange offer made in Greece involving at least four different jurisdictions and systems of Law.

Nikos Papachristopoulos led the Bernitsas Law team.