Coca Cola HBC and Coca-Cola Co. buy Serbia's Vlasinka

<p>Greece's Coca Cola Hellenic Bottling Co. and Atlanta-based The Coca-Cola Co. together have bought Serbian mineral water company Vlasinka, the Greek company said Friday.</p><p>The 100 percent acquisition of Vlasinka includes production facilities at Surdulica in southern Serbia and the mineral water brand Rosa, the company said.</p><p>The financial details of the deal were not disclosed, but the cost of the purchase will be equally split between Coca Cola HBC and The Coca-Cola Co.</p><p>The move is in line with the Greek company's strategy of expanding into the non-carbonated drinks sector.</p><p>Coca Cola HBC has operations in 26 countries, including many parts of Europe and Russia. The Coca-Cola Co. has an indirect, 24 percent stake in the Greek bottler.</p><p>Shares of The Coca-Cola Co. fell 20 cents to $41.87 in late morning trading Friday on the New York Stock Exchange. The stock has been trading at a 52-week range of $38.30 to $53.50.</p>

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