View Single Post
imcarthur imcarthur is offline
Used Up User
 
imcarthur's Avatar
 
Join Date: Jun 2003
Location: Toronto
Posts: 8,311
Garage
The exodus continues:

"Coca-Cola Hellenic, the world's second biggest bottler of Coke, is moving its headquarters out of Greece, dealing a symbolic blow to the crisis-stricken eurozone economy. The company is Greece's biggest by market value ($7.6 billion) but generates only 5% of its business domestically.

Coca-Cola Hellenic (CCH) picked Switzerland as its new home, citing the country's stable economic and regulatory environment. It will also move its primary stock listing to the London Stock Exchange through a share exchange with Swiss-based Coca-Cola HBC AG. Coca-Cola Hellenic has listings in London, New York and Athens. It's also the largest holding in the Global X FTSE Greece 20 ETF (GREK), which lists the National Bank of Greece (NBG) as its second biggest holding." Source CNN Money

Ian
__________________
'87 Carrera Cab

----- “Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.” A. Einstein -----
Old 10-11-2012, 03:56 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #32 (permalink)