Announcement on regulated information
Pursuant to the provisions of the Financial Instruments Market Act (ZTFI) and the Rules and Regulations of the Ljubljana Stock Exchange, d.d., Pivovarna Laško, d.d., Trubarjeva 28, 3270 Laško, hereby makes the following announcement:
Pivovarna Laško, d.d., hereby announces to the public and its shareholders that its subsidiary Pivovarna Union, d.d., successfully completed on July 16, 2014 the sale of its 57.63-percent shareholding of the Kosovo-based company Birra Peja, Sh.a., and its receivables from the said company. The shareholding and the receivables were acquired by Devolli Group Sh.p.k.
The divestment is a milestone in Laško Group's financial restructuring process, as defined with the creditor banks and specified in the effective Restructuring and Standstill Agreement.
Thus, the Laško Group is maintaining and boosting its core activity of beer brewing in both Slovenian breweries (Pivovarna Laško and Pivovarna Union) that saw consolidated revenue of EUR 170 million and EBITDA of EUR 35 million in 2013.
Laško, July 16, 2014 Management Board