Coca-Cola

OpenCalais Metadata: Ticker

KO

Coca-Cola to Acquire Banja Luka Drinks Company

Global drinks giant Coca-Cola is planning to buy MB Impex, a beverage producer from the Banja Luka, capital of the mainly Serbian entity in Bosnia, Republika Srpska.

Bosnia's Council for Competition on Tuesday said it had received notification from Coca-Cola's Serbian subsidiary, HBC-Serbia, on July 14, in which it outlined the plan to acquire MB Impex.

ATHEX: Local bank stocks begin week with more losses

The Greek stock market's banks index slumped to its lowest point in a year on Monday, sliding 4.19 percent on prolonged uncertainty regarding the launch of foreclosures, the handling of bad-loan portfolios and the possibility of yet another recapitalization. This, along with Coca-Cola HBC's drop, led the benchmark lower for a sixth consecutive day.

ATHEX: Credit sector keeps sliding

Bank stocks continued to fall on Wednesday in the wake of a European Central Bank decision that foresees eurozone lenders having to set aside funds to cover 100 percent of loans that turn nonperforming from January 2018. The news reinforced market concerns that, one way or another, local banks will need a fresh cash injection.

Venezuela’s Maduro finds solidarity in Turkey

Venezuela, hit by economic devastation and political turmoil, is one of the most troubled countries today. Its situation has lately become so dire that 90% of its citizens are reported to have trouble affording food. Meanwhile, Venezuelan officials have “embezzled billions.” Venezuela currently ranks as the most corrupt country in Latin America.

Why is it so difficult to say Coca-Cola?

President Recep Tayyip Erdoğan has launched the opening of a Coca-Cola factory in the western province of Isparta. 

But "Coca-Cola" was insistently and sedulously not given a place in any official statement from the presidency, media or the social media accounts of the government. 

Instead, "Fruit Juice" was brought to the fore. 

But why is that? 

Turkey's Anadolu Group opens two new factories in southern province

The Anadolu Group opened two new production facilities in the southern province of Isparta on Aug. 12. 

One of the factories will make production for Coca-Cola İçecek, a majority stake of which is owned by the Anadolu Group. The second facility is owned by Anadolu Etap, the group's fruit company, with its Brazilian partner Cutrale and Turkey's Özgörkey Holding. 

Coca-Cola İçecek plans to open its 10th plant in Turkey with 110 mln lira investment

Coca-Cola İçecek (CCI) said in a statement on March 30 that it plans to open its 10th plant in Turkey, in the southern province of Isparta, with a 110 million Turkish Lira ($30.1 million) investment. 

The plant is expected to be fully operational in the second quarter of 2017, according to the statement. 

Pages