CCHBC submitted draft proposals about commercial practices, to the European Commission.
Over the past five years, the Directorate General for Competition of the European Commission has been conducting an investigation into various commercial practices of The Coca-Cola Company and certain Coca-Cola Bottlers in Austria, Belgium, Denmark, Germany and Great Britain. The only Coca-Cola HBC territory being reviewed is Austria. In the last few months, together with The Coca-Cola Company and other Coca-Cola Bottlers, we and the Commission began a dialogue to identify and address the commercial pract ices understood to be under review by the Commission. We recently submitted draft proposals that address all such practices in the European Union.
The Commission has advised us that it intends to share these proposals with parties involved in the nonalcoholic beverage market, including retailers and other beverage suppliers, for their comment.
Coca-Cola HBC is one of the world's largest bottlers of products of The Coca-Cola Company and has operations in 26 countries serving a population of more than 500 million people. CCHBC shares are listed on the Athens Exchange (ATHEX: EEEK), with secondary listings on the London (LSE: CCB) and Australian (ASX: CHB) Stock Exchanges. CCHBC?s American Depositary Receipts (ADRs) are listed on the New York Stock Exchange (NYSE: CCH).