Heineken to Take Majority Stake in Slovenian Brewer
Heineken has agreed to acquire a 51.11% stake in Pivovarna Lasko for a total consideration of Eur114.3 million. Pivovarna Lasko is Slovenia’s leading brewer.
Slovenia is centrally positioned between other markets where Heineken has operations. The company operates two modern and well-invested breweries and owns and brews the renowned Laško and Union beers, with strong heritage across the Adria region.
Jean-François van Boxmeer, chairman and chief executive of Heineken, says: “This acquisition strengthens our position within the region and will bring two complementary strong local brands into our existing portfolio. We are very much looking forward to welcoming Pivovarna Lasko as a successful member of our group.”
Dusan Zorko, chief executive of Pivovarna Laško, remarks: “The acquisition by Heineken as a strategic investor allows Pivovarna Lasko to continue building our historic local brands and to develop our position in regional export markets, as well as give an opportunity to better utilise our production capacities. We are excited about being part of one of the most successful brewery groups in the world. This will enable Pivovarna Laško to focus on and grow its core business.”
Completion of the acquisition is subject to customary regulatory approvals and will be followed by a mandatory takeover offer extended to all remaining shareholders.
