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Coca-Cola HBC AG on Thursday said it had acquired a ‘well-established’ Irish vending company. Coca-Cola HBC, also known as Coca-Cola Hellenic, is based in Steinhausen, Switzerland and is the third-largest Coca-Cola anchor bottler in the world. The bottler has a current market capitalisation of £9.17 billion. The company announced that its Northern Irish subsidiary had reached an agreement to acquire 100% of BDS Vending Solutions Ltd, a Dublin-based food and drink vending services businesses. Coca-Cola HBC said that the acquisition of this ‘well-established vending company’ is consistent with its strategy of enhancing ‘route-to-market capabilities, include last mile delivery’. Coca-Cola HBC added that the deal will also allow the company to ‘unlock profitable opportunities across its well-rounded cold and hot beverages and snacks portfolio’. Coca-Cola HBC anticipates the acquisition to close over the coming months. On Tuesday, the company announced that it launched a euro-denominated four-year fixed rate issue of notes under its €5.00 billion euro medium term note programme. The company announced the pricing of a €600 million aggregate principal amount of 3.375% notes due 2028. Shares in Coca-Cola HBC AG were down 0.1% at 2,498.00 pence each in London on Thursday morning. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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