The company said in a statement: “With this acquisition, Carlsberg Breweries wants to secure greater influence on the future development of the brewery.” IØ (Investment Fund for Central and Eastern Europe) owns the remaining 20% of the share capital.
CROATIA: Carlsberg Breweries acquires majority shareholding in Croatian brewer
Carlsberg Breweries has increased its shareholding in the Panonska brewery in Croatia to 80% by acquiring the 40% stake owned by Podravka Food Industries for close to US$11m.