Heineken and Coca-Cola Hellenic Increase Stake in Pivara Skopje
December 16
10:07
2011
Heineken and Coca-Cola Hellenic have acquired 41.2% of the minority shares in their joint venture company, Pivara Skopje, in the Former Yugoslav Republic of Macedonia (FYROM) for €79.1 million (excluding acquisition costs). Coca-Cola Hellenic and Heineken now collectively own 96.5% of the shares in Pivara Skopje.
Pivara Skopje was established in 1924. In 1998 Coca-Cola Hellenic and Heineken together acquired the majority interest in the company. Today Pivara Skopje is the largest beer and soft drinks company in FYROM manufacturing, distributing and selling the brands of The Coca-Cola Company and Heineken.
