According to the notification in the daily Delo, Heineken is offering EUR 25.56 a share for the remaining 46.57% stake it does not own already. The offer is open from 18 November until noon on 15 January.

If taken up by all Laško shareholders, the Dutch group would pay EUR 104m for the outstanding interest in Laško after already transferring EUR 119.5m for a 53.43% stake to the sellers in October.

There is no threshold for the success of the takeover bid.

The price per share is the same as what Heineken agreed in a deal with a consortium selling 51.11% of Laško that included the Bank Asset Management Company.

Heineken has also repaid all of Laško's debts to banks, securing EUR 141m to the Laško-based brewer and another EUR 44m to the Ljubljana brewer Pivovarna Union, a member of the Laško group.

The new owner appointed a new supervisory board at both Slovenian brewers at the respective shareholders' meetings last week.

The joint brewer will be named Pivovarna Laško Union and will be based in Ljubljana. The incumbent chairman of Laško and Union, Dušan Zorko, is to remain at the helm.

Heineken has also promised to keep production running at both locations and to preserve both trade marks.