Coca-Cola Hellenic Bottling, the biggest company by value on the Greek stock market, will move its headquarters to Switzerland and switch its main market listing to London, in the biggest sign yet of southern European companies pulling away from the troubled region.

Coca-Cola Hellenic, which bottles juice and soft drinks in 28 countries, joins a spate of companies seeking ways to shed the risks associated with Europe's indebted southern rim and, in particular, to overcome the difficulties of raising money in financially-crippled countries.