Shares in Coca-Cola HBC AG surged after the second-largest bottler of Coke products said strong sales in Nigeria, Romania and Ukraine were more than making up for its struggles in Russia, the company’s biggest market.
Bloomberg: Coke bottler surges as Nigeria, Ukraine offset Russia woes
Last week Coca-Cola Enterprises Inc., another bottler of Coke products in Europe, agreed to a three-way merger with two other distributors in the region creating the largest independent bottler for the famed soda brand.
