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Kofola set to merge with rival company

Kofola, the biggest soft drink producer in Slovakia, is going to merge with the Polish brand Hoop, the Hospodárske Noviny wrote on November 5.

Kofola’s owner, KSM Investment, agreed with the Polish side on the conditions of the companies' merger, which would create one of he strongest central European players on the soft beverage market.

KSM Investment is based in the Czech Republic and the drink is produced in a plant in Rajecká Lesná near Žilina.

The friendly takeover would involve in transfer of the Kofola group’s assets to Hoop, which would issue new shares, giving the current Kofola owner a 57-percent controlling stake in the new company.

-SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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