Eastern Europe/Central Asia
April 27, Coca-Cola Hellenic’s extraordinary shareholder meeting decided to approve a share buy back of up to 5% of the company’s shares (see CCH press release). At a range of share prices between 1 and 20 Euros, this will potentially lead to spending on the purchase of its own shares between 18,3 mln and 380 mln Euros.
Although Coca-Cola, and the Coca-Cola Hellenic Bottling Company in particular, declare their readiness to observe trade union rights, the formation of new union locals still sometimes meets difficulties due to local managements hostility. But this can be stopped.