Zagreb Brewery will proceed with the squeeze-out of minority shareholders, and the main shareholder, Cervesia Zagreb, has set a compensation of 3,548 kuna per share, announced Zagreb Brewery in the invitation for the extraordinary general meeting to be held on November 30.
The invitation to the General Meeting was published in the Narodne novine (number 118), and the agenda of the extraordinary meeting includes only the proposal for the transfer of shares of minority shareholders. The majority owner of Zagreb Brewery is Cervesia Zagreb, which is wholly owned by Starbev S.a.r.l. from Luxembourg, which in turn is wholly owned by CVC European Equity V Limited. The main shareholder, Cervesia Zagreb, holds 591,070 shares of Zagreb Brewery, representing 95.2647 percent of the total share capital, and represents 97.47 percent of the share capital determined in accordance with Article 300.f, paragraph 2 of the Companies Act.
Minority shareholders hold a total of 15,323 shares, which represents 2.53 percent of the share capital of Zagreb Brewery as determined in the same manner. The compensation set by the main shareholder amounts to 3,548 kuna for each unencumbered share, as stated in the invitation. Carvesia Zagreb d.o.o., which operates in connection and jointly with the Luxembourg company StarBev, became the majority owner of Zagreb Brewery in mid-October last year when it acquired 71.92 percent of the brewery’s share capital through a contract with the Dutch company Interbrew Central European Holding. At the end of last year, Cervesia Zagreb also announced a takeover bid for Zagreb Brewery, offering 3,791.30 kuna per share in that bid. Shares of Zagreb Brewery were delisted from the Zagreb Stock Exchange in early June of this year. (H)
