Dutch brewer Heineken has increased its share in Slovenia’s largest brewery from 51.11 per cent to 96.92 per cent.
As part of a mandatory takeover, Heineken offered to purchase the shares of minority shareholders on the same terms and for the same price (€25.26) as the shares of banks and funds that it bought in April last year.
The offer was accepted by 4,030 shareholders, who jointly held 3,804,250 shares or 43.49 per cent of all issued shares. The Pivovarna Laško management, headed by CEO Dušan Zorko, also accepted the offer and sold its shares.
Together with the 4,673,941 shares already held by Heineken, the Dutch brewer now holds a total of 8,478,191 shares of Pivovarna Laško.
In addition, Heineken has repaid an €185 million loan that Pivovarna Laško owed to the banks.
Pivovarna Laško operates two modern breweries in Laško and Ljubljana, and owns and brews Laško and Union beers, which both have a strong heritage across the former Yugoslavia region.
Image sourced from Lasko Facebook page
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. To subscribe to ESM: The European Supermarket Magazine, click here.
