CEE - EI offers EUR 143m for Kofola-Hoop

Kofola-Hoop was formed through the merger of Kofola and Hoop SA last May. The company is one of the largest producers of non-alcoholic beverages in Central and Eastern Europe, with brands such as Hoop Cola Kofola, Paola surus, Artic and Rajec mineral waters, and Jupik. The company has 8 factories based in Poland, the Czech Republic, Slovakia and Russia, employs 2,600 staff and recorded a turnover of approximately EUR 360m in 2007.

The offer is being jointly made with three of the company’s current shareholders, including KSM Investment, which controls a 51% stake. If the transaction succeeds, EI will hold 43% in the company. However, EI has signed an agreement to acquire the 29.43% stake in the business owned by the founders of Hoop SA, which therefore makes this the minimum threshold at which PEF VI will finalise the share acquisition.

The tender price represents a 48% premium over the current stock market price.

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