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Leading Brewery Acquires 24 Percent Stake in Rival Brewery

Ljubljana, 12 July - After yesterday's suspension, trading in shares of two Slovene breweries, namely Pivovarna Union and Pivovarna Lasko was relaxed on Thursday as Pivovarna Lasko, togehter with its subsidiary Radenska made public the details about its plan to purchase a nearly 25-percent stake in Pivovarna Union. Early today, Pivovarna Lasko already acquired a 24.3-percent stake in the Ljubljana-based brewery, a Pivovarna Lasko official has just told STA, explaining that the company does not plan to buy over 25 percent of Pivovarna Union shares for quite some time.

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© STA, 2001