News and current reports

Today, 22 November 2023, an agreement for the transfer of 100% of the shares in Pivovary CZ Group a.s. ("Pivovary CZ Group") was concluded between the transferor Moravská pivovarská a.s. and the transferee PIVOVARY TRIANGL s.r.o. ("TRIANGL").

Furthermore, on the same date, an agreement on the transfer of 100% of the shares in FONTÁNA PCZG s.r.o. ("FONTÁNA") was concluded between the transferor Moravská pivovarská a.s. and the transferee TRIANGL.

The transaction is subject to the approval of the competition authorities. The transaction is expected to be completed early next year.

If the transaction is completed, TRIANGL will become a 100% owner of both companies - Pivovary CZ Group and FONTÁNA. The shareholders of TRIANGL are Kofola ČeskoSlovensko a.s. (51%), RSJ PE SICAV a.s. (29%) and ÚSOVSKO a. s. (20%).

TRIANGL is acquiring Pivovary CZ Group, which develops the traditional beer brands Holba, Zubr and Litovel. The transaction also includes the purchase of FONTÁNA, whose main focus is the wholesale of beer and soft drinks. Pivovary CZ Group is the fifth largest group of breweries in the Czech Republic with an annual production of approximately 800 thousand hl.

All parties have agreed not to disclose the price of the transaction.

The company Pivovary CZ Group generated annual sales of CZK 1,300 million in 2022 and EBITDA amounted to CZK 250 million.

With this transaction, Kofola Group aims to expand its portfolio with traditional Czech beer brands and strengthen its position in the Czech beverage market.

Current report is available for download in the section Regulatory information.