 | E-Malt.com News article: Carlsberg Breweries makes public tender for Okocim in Poland
Carlsberg Breweries has increased its stake in Okocim and wishes to strengthen Okocim's position as one of the leading breweries in Poland.
Carlsberg Breweries A/S ("Carlsberg Breweries") announces a public tender for 49.99 per cent of shares, i.e. all outstanding shares inOkocimskie Zaklady Piwowarskie S.A. ("Okocim"), a leading brewery in Poland, which is listed on the Warsaw Stock Exchange. Carlsberg Breweries has been a shareholder in Okocim since 1996, initially owning 31.8 per cent, which has successively been increased to 50.01 per cent on 16 May 2001.
The Polish Securities Law requires Carlsberg Breweries to make a public tender for all outstanding shares in Okocim because Okocim is listed on the Warsaw Stock Exchange and because Carlsberg Breweries' shareholding of Okocim exceeds 50 per cent, Carlsberg Breweries intends to achieve a shareholding of no more than 75 per cent of votes at the General Shareholders Meeting of Okocim, and has no intention of delisting Okocim from the Warsaw Stock Exchange until year 2005.
28 May, 2001
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