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Heineken Raises Stake in Laško to 96.92%

Dutch brewer Heineken has raised its stake in Pivovarna Laško, Slovenia’s largest brewery, to 96.92% following a takeover bid for Laško’s outstanding stock. 

Holders of a combined 43.49% of Laško accepted Heineken’s offer of EUR 25.56 per share, the same amount Heineken paid for a majority stake in the spring, according to a release published in Delo newspaper on Monday.

The Pivovarna Laško management, headed by CEO Dušan Zorko, also accepted the offer and sold its shares.

Heineken had taken control of Laško in April, when it purchased a 51.11% stake from several banks, insurers and funds for just under EUR 115m.

Source: sloveniatimes.com

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