Heineken, Coca-Cola Hellenic close to full ownership of Pivara Skopje

Heineken, Coca-Cola Hellenic close to full ownership of Pivara Skopje

Heineken and Coca-Cola Hellenic Bottling Co have said that they will jointly acquire a further 41.2% of the Pivara Skopje for EUR79.1m (US$107m).

The agreement will see the two companies increase their joint share in Pivara Skopje to 96.5%, Heineken said today (10 November). Pivara Skopje is the leading drinks company in the Former Yugoslav Republic of Macedonia. In 1998, Heineken and Greece-based Coca-Cola Hellenic joined forces to acquire 55.3% of the group.

They will increase their shareholding by acquiring stakes held by various minority shareholders, Heineken said. The remaining 3.5% of Pivara Skopje shares are largely owned by its former and current employees.