Coca-Cola Hellenic Bottling Company S.A. (Coca-Cola HBC, CCHBC) announced today that it has been informed by the Greek Competition Authority that a fine of Euro 8.7 million has been imposed against Coca-Cola HBC.
The case arises out of a decision by the Greek Competition Authority of 25 January 2002. The Greek Competition Authority claims that CCHBC did not properly comply with its 2002 decision and has imposed a fine of Euro 5,869 per day from 1 February 2002 until 16 February 2006.
Coca-Cola HBC's policy is to comply with all applicable laws. While we are still evaluating the details of the decision by the Greek Competition Authority, we intend to appeal the decision to the competent Greek courts.
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 540 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).