11:26 - 6.11.2026

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November 6, Fineko/abcnews. Russian beverage producer Bochkari has directly petitioned President Vladimir Putin to place Coca-Cola HBC's subsidiaries, Multon Partners LLC and Multon JSC, under external management and transfer control to Bochkari.

The sudden revelation sent shockwaves through financial markets, causing Coca-Cola HBC's stock to plunge over 14%.

In response to the market turmoil, Coca-Cola HBC issued a formal statement confirming it has received no official notification regarding operational changes in Russia. The bottling giant emphasized that its local operations have been self-standing since 2022 and do not support its global liquidity or debt obligations.

Coming on the heels of Putin's decree seizing Japan Tobacco International's Russian assets, the move signals heightening risks for foreign corporate holdings in the country.