Media Room

Single news

Announcement on the conclusion of the sales agreement for the sale of the shares of the company Radenska, d.d. Radenci

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 (hereinafter: Pivovarna Laško), hereby makes the following announcement:

 

Today, on December 19, 2014, the company Pivovarna Laško, d.d., signed with the company Kofola, družba za upravljanje d.o.o., and the company Kofola S.A. as the guarantor, an agreement for the sale of 3,812,023 shares of the company Radenska, d.d. Radenci (hereinafter: Radenska) representing a 75.31% stake in Radenska (hereinafter: Sales Agreement). The Sales Agreement is signed subject to several conditions precedent which have to be met before the completion of the transaction.

 

Pursuant to the Restructuring and Standstill Agreement, the sale process for Pivovarna Laško’s stake in Radenska started on September 1, 2013. The stake in Radenska was sold in a transparent international two-stage tender process.

 

The sale is anticipated to be completed within the next three months, subject to conditions precedent being met by the seller and the buyer. Kofola, družba za upravljanje d.o.o., shall pay to Pivovarna Laško, d.d. a price of EUR 13.59 per 1 share in Radenska.

 

By signing of the Sales Agreement, commitments specified in the Restructuring and Standstill Agreement are being met.

 

 

Laško, December 19, 2014                                                                             Management Board