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Europe: Heineken to buy stake in Slovenia-based brewery

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Heineken N.V. has signed a binding agreement with a consortium of shareholders to acquire 4,471,054 shares in Pivovarna Laško d.d. (Pivovarna Laško), representing 51.11% of the issued share capital, for a price per share of €25.56 (US$27.6), or a total consideration of €114.3 million.

Completion of the acquisition is subject to customary regulatory approvals and will be followed by a mandatory takeover offer extended to all remaining shareholders.

Based in Slovenia, Pivovarna Laško operates two breweries and owns and brews the renowned Laško and Union beers, with strong heritage across the Adria region.