New Owners to Assume Control of Radenska


Czech drinks producer Kofola and its Slovenian partner P&P Group are expected to appoint four members of the supervisory board after striking a deal in December to purchase 75% of the company which is a household name around Slovenia.

Kofola was due to deposit the proceeds for the acquisition valued at EUR 51.8m to beverage group Pivovarna Laško by Monday.

In addition to confirming Rene Musila, Daniel Buryš, Janis Samara and Peter Polič as supervisors, the meeting will also decide on changes to the company articles of incorporation that will expand the supervisory board to six members.

Kofola, which sought to expand to mineral water, worked with the P&P Group in carrying out the takeover. Media reports have said the Czech company has a 60% stake in the joint venture.