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Czech Kofola group to acquire Slovenian Radenska

Bottled mineral water producer founded in 1869

19 December, 19:12

(ANSA) - TRIESTE - One of the biggest producers of non-alcolic beverages in South East Europe, the Czech 'Kofola' - will shortly become the majority owner of the famous Slovenian producer of bottled mineral water, Radenska, the media in Prague reported, stating that this would be the biggest acquisition in Kofola's history.

Kofola that has signed today with Pivovarna Lasko an agreement for the sale of 3,812,023 shares of the company Radenska (75,3% of the total shares), controlled by Lasko, at a price of euro 13.59 per 1 share. The total value of the transaction is 51,8 million euros. The Agreement is subject to several conditions precedent which have to be met before the completion of the transaction, expected in the next three months, says Pivovarna Lasko .

According to the Czech Hospodarske Noviny, Kofola will buy 35 million euros worth of shares from the current majority owner of Radenska, Lasko brewery. Kofola will also take responsibility for 32 million euros of debt accumulated by Radenska. Founded in 1869, Radenska is one of the most known Slovenian brands abroad.

(ANSA).

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