Kofola CeskoSlovensko a.s. (SEP:KOFOL) agreed to acquire 51% stake in Pivovary CZ Group a. s. on November 22, 2023. Post completion of the acquisition Kofola CeskoSlovensko a.s. will hold 51% stake, investment group RSJ will hold 29% and ÚSOVSKO a. s. will hold 20% stake in Pivovary CZ Group. Pivovary CZ had reported sales of approximately CZK 1.3 billion and EBITDA of approximately CZK 250 million in 2022.

The transaction is subject to approval of the competition authorities. The transaction is expected to close by early of 2024.