Coca-Cola HBC Stock Falls 4% Following Major African Stake Purchase and Q3 Results
Coca-Cola HBC’s share price dropped 4% following announcement of acquiring 75% stake in Coca-Cola Beverages Africa for $2.6 billion. The FTSE 100 bottler reported 5% organic revenue growth in Q3 despite mixed volume performance across categories.
Stock Movement and Acquisition Announcement
Coca-Cola HBC shares experienced a 4% decline in trading on Tuesday, reportedly dropping to £33.98 per share, according to market reports. The movement followed the company’s announcement of significant acquisition activity in Africa alongside the release of third-quarter trading figures.
