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Cristiano Ronaldo snub wipes billions off Coca-Cola’s market value

by The Financial Eye
2021/06/16/8:05
in Stocks
Reading Time: 1min read
A A
Cristiano Ronaldo snub wipes billions off Coca-Cola’s market value
  • Portugal captain rejects bottles in Euro 2020 press conference. Soft drink company’s share price drops by 1.6%

Cristiano Ronaldo’s removal of two Coca-Cola bottles during a press conference at the Euros has coincided with a $4bn fall in the share price of the drinks giant.

The Portugal captain is a renowned health fanatic and made it clear what he thinks of the carbonated soft drink. The 36-year-old shifted the bottles of Coca-Cola away from him during a press conference in Budapest on Monday in the prelude to his country’s Group F game against Hungary.

Ronaldo followed it by holding up bottle of water before declaring in Portuguese: “Agua!”, appearing to encourage people to choose that instead.

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'Drink water'

Cristiano Ronaldo removes Coca-Cola bottles at start of #Euro2020 press conference pic.twitter.com/2eBujl9vzk

— Guardian sport (@guardian_sport) June 15, 2021

Source: The Guardian

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