Heineken and Coca-Cola Hellenic Bottling Co have completed the purchase of almost total control of their Macedonian joint-venture, Pivara Skopje.

The two drinks companies, which joined forces to acquire 55.3% of the beer and soft drinks group in 1998, confirmed late last week that they have closed the acquisition of 41.2% of minority shares in Pivara Skopje.

Following the EUR79.1m (US$104.3m) buy, which was split equally between Heineken and CCHBC, the two now own 96.5% of Pivara Skopje's shares. The remaining 3.5% is largely owned by the group's former and current employees.

Heineken and CCHBC announced their intention to buy further into Pivara Skopje last month.