The Service of the Commission for the Protection of Competition has received a notification of a concentration concerning the proposed acquisition of the share capital of ESM Effervescent Sodas Management Ltd by CC Beverages Holdings II B.V..
CC Beverages Holdings II B.V. is a company duly registered under the laws of the Netherlands. It is a holding company, without any business/commercial activity in the Cypriot market. It is ultimately controlled by Coca Cola HBC AG.
Coca Cola HBC AG is a company duly registered under the laws of Switzerland and its shares are listed for trading on the London and Athens Stock Exchanges. The CCH Group is one of The Coca Cola Company’s largest bottling partners. The Coca Cola HBC Group’s product portfolio is one of the richest and most versatile in the beverage and soft drink industry, offering leading brands in the categories of carbonated soft drinks, juices, bottled water, isotonic drinks, energy drinks, plant-based drinks based beverages), ready-to-drink tea, coffee and premium spirits.
ESM Effervescent Sodas Management Ltd is a company duly registered under the laws of the Republic of Cyprus. Its main business activities include the manufacture, distribution and supply of branded non-alcoholic drinks “Three Cents”, which consist of carbonated soft drinks (CSDs).