Coca-Cola HBC completed the acquisition of Brown-Forman Finland from Brown-Forman for $220m.

Coca-Cola HBC, a manufacturer, and seller of Coca-Cola products, completed the acquisition of Brown-Forman Finland, a subsidiary that owns the Finlandia vodka brand from Brown-Forman, a multinational American corporation that specializes in the production and distribution of alcoholic beverages, for $220m. "Having been associated with the distribution of Finlandia for 17 years in several markets, we are excited by this unique and regionally relevant opportunity that will support the acceleration of our on-premise business across more of our markets. The proven complementarity of our premium spirits business with our strong NARTD portfolio enables us to offer solutions for a broad range of 24/7 consumption occasions, particularly socialising moments. We view this as an attractive investment and a natural evolution of our role as one of Finlandia's distribution partners, further attesting to the strength of our time-tested and wide-ranging partnership with Brown-Forman. We appreciate the trust placed in us and look forward to creating more value for our partners and customers by capturing new opportunities with our well-rounded beverage portfolio." Zoran Bogdanovic, Coca-Cola HBC CEO.