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US new issues market hit by further postponement

Two shareholders in Coca-Cola Hellenic Bottling Company, the Athens-based bottling firm partly owned by the US drinks giant, have cancelled plans for a $157m (€160m) share offering due to market conditions just one day after the first US flotation for six weeks was pulled.

The Greek firm is, however, pressing ahead with its listing on the New York Stock Exchange on October 10. The company is already listed in Athens with secondary listings on the London and Australian Stock Exchanges.

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