CZECH REP: InBev to force Staropramen sell out
InBev is looking to acquire the remaining stock it doesn't own of Czech brewer Pivovary Staropramen. The company already controls 99.57% of the company.
According to a report by Reuters, the Belgian brewer has offered 41 crowns per share to force a buyout of the minority shareholders. The complete takeover is in accordance with Czech law, which states that shareholders owning more than 90% of a company can force minority shareholders to sell out to them.
InBev will hold an extraordinary general meeting of shareholders for 26 August to approve the plan.
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