Coca-Cola HBC shares plunge 17.88% after Russian rival seeks seizure of its unit

The scale of the share reaction — the sharpest one-day fall since March 2020 — suggests investors are pricing a genuine risk of losing a Russian asset outright, not just another round of operating restrictions. This is a template that could be applied to other Western consumer groups with local subsidiaries, so the precedent matters well beyond one bottler. The open question is whether the request translates into an actual decree, and whether it prompts other Russian producers to test the same route.