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Signing of the sale and purchase agreement between the Consortium of Sellers and the company Heineken International B.V on the sale of the 51.11-percent stake of the company Pivovarna Laško, d.d.

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:

 

The Consortium of Sellers of Pivovarna Laško, d.d. (Družba za upravljanje terjatev bank, d.d. (BAMC), Kapitalska družba pokojninskega in invalidskega zavarovanja, d.d., Alpen invest, družba za upravljanje investicijskih skladov, d.o.o., Abanka Vipa, d.d., KD Skladi, družba za upravljanje, d.o.o., Nova kreditna banka Maribor, d.d., Zavarovalnica Triglav, d.d., Sklad obrtnikov in podjetnikov, and Banka Koper d.d.), founded by the shareholders of Pivovarna Laško, d.d., at the end of 2014 and whose combined shareholding amounts to 51.11-percent of total equity of Pivovarna Laško, d.d., informed the Management Board of Pivovarna Laško, d.d., that an agreement was reached on the sale of the entire 51.11-percent stake in the company Pivovarna Laško, d.d., to the company Heineken International B.V, and that today the members of the Consortium of Sellers and Heineken International B.V signed a Sale and Purchase Agreement (SPA) on the sale of the said stake.


Today's signing of the SPA between the Consortium of Sellers and the company Heineken International B.V is a further step in the fulfilment of the Restructuring and Standstill Agreement signed by the Laško Group companies on April 30, 2014, with all 18 creditor banks. In 2014, the capital increase process was launched at Pivovarna Laško, d.d. Numerous international financial and strategic investors were invited to take part in a transparent international process. The fundamental goal of the capital increase process was to raise no less than EUR 75 million of fresh capital or to provide financial stability for Pivovarna Laško, d.d. UniCredit bank was appointed as consultant in the process. At the end of 2014, shareholders of Pivovarna Laško, d.d., founded the Consortium of Sellers with which the company Management Board signed a Memorandum of Understanding that regulates their cooperation in managing the joint capital increase process of Pivovarna Laško, d.d., and the sale of the stake held by the Consortium of Sellers in Pivovarna Laško, d.d.

 

Payment of the purchase price and the transfer of shares to the new owner will take place when the suspensive conditions, specified in the SPA, are met. Upon signing of the SPA, the buyer also signed with Pivovarna Laško, d.d., an Agreement on Cooperation with the Parent Company Pivovarna Laško, d.d., by which the buyer has committed to continue to provide financial stability of the company Pivovarna Laško, d.d., after the transaction is completed. 

 


Laško, April 13, 2015                         Management Board