Kofola entered Radenska ownership in December 2014, when it bought a 75.31% stake from brewer Pivovarna Laško for EUR 13.59 per share or EUR 51.81m.

The Czech group increased its stake in the company to 97.62% last May as part of a takeover offer for the same value per share.

In the first year under the new ownership, Radenska increased revenue by 7% and profit by more than 10%. It sold almost a hundred million litres of soft drinks last year, two million litres more than in 2014.