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(Sharecast News) - Coca-Cola HBC said on Friday that it had received no notification from the Russian government of any changes to its operations in Russia, which have been operated locally on a self-standing basis since 2022.
Shares in the bottler of Coca-Cola products tumbled on Thursday following reports its Russian business could be seized or placed under state-controlled external management.
It said in a brief statement on Friday: "Coca-Cola HBC does not rely on income or capital from its Russian business to fund the group's operations outside Russia or to service the group's indebtedness.
"Coca-Cola HBC will provide further updates as appropriate."
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