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Kolinska Becomes Majority Owner of Serbian Mineral Water Bottler

Belgrade, 2 September - Slovenian food company Kolinska on Monday acquired a 40.68-percent stake in Palanacki kiseljak, Serbia's third-largest bottler of mineral water, member of the Kolinska management Iztok Bricl told STA. The EUR 2.5m purchase has increased Kolinska's stake in the company to over 62 percent, however, the target is 100-percent ownership, which is expected to cost Kolinska up to four million euros.

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© STA, 2002