When Coca-Cola Hellenic Bottling Co. SA, the world'ssecond-largest Coca-Cola bottler, quits the Athens stock exchangefor London next year, it will leave the Greek market smaller thanVietnam.

The company's departure will cut the value of equities listed inAthens to about $31 billion from $39.2 billion, data compiled byBloomberg show. Vietnam is valued at $35.2 billion. Greece's bourseis already the smallest among 24 developed markets tracked byBloomberg.

Coca-Cola HBC, Greece's largest company by market value, isfleeing the epicenter of Europe's sovereign-debt crisis. The Greekmarket has lost 86 percent of its value since peaking at $273billion in November 2007 as surging borrowing costs forced thegovernment to accept two European Union-led bailouts. The economyis mired in a fifth straight year of recession, and analysts'forecasts collated by Bloomberg predict further contraction in 2013and 2014.