The total aggregate consideration for the transaction was €79.1m (excluding acquisition costs), which was equally divided between Coca-Cola Hellenic and Heineken.
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 acquired the majority interest in the company.
Pivara Skopje is the largest beer and soft drinks company in the Former Yugoslav Republic of Macedonia, manufacturing, distributing and selling the brands of The Coca-Cola Company and Heineken.
Source: Coca-Cola Hellenic
© FoodBev Media Ltd 2024