Soft drink producer Kofola ČeskoSlovensko has announced that its board of directors approved a plan for major shareholder restructuring at the company.
Newly established company AETOS will become the majority owner of the Kofola Group, acquiring a 68% stake by the end of July 2017. The shares will be purchased from CED Group, the second biggest shareholder, which currently owns 37.3% of the shares.
Kofola will also launch a tender offer for up to 5% of Kofola shares at CZK 440 (€16.77) per share.
New Policies
The majority shareholders agreed to cooperate towards a potential placement or offering of CED Group’s remaining shares in Kofola and 3% of the shares held by AETOS. The deal, subject to market conditions, could be implemented during 2018.
In addition, Kofola said it intends to implement a new dividend policy with the aim of distributing at least 60% of its consolidated net profit until 2020.
Kofola is the second biggest soft drinks producer in the Czech Republic and is a market leader in both Slovakia and Slovenia. Last year, it reported CZK 7 billion (€266.98 million) in revenues and CZK 342 million(€13.04 million) in profit .
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine
