27 July, 2005

Czech Republic: InBev is to acquire the remaining stock of Pivovary Staropramen

The world’s largest beer maker by volumes, InBev S.A. is planning to purchase the remaining shares it doesn’t own yet in Czech beer maker Pivovary Staropramen. An extraordinary general meeting of shareholders will be held by InBev on 26 August to approve the plan.

The Belgian brewer, which already controls 99.57% of Pivovary Staropramen, has offered 41 crowns per share to force a buyout of the minority shareholders, according to Reuters. 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.

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