Spectator on facebook

Spectator on facebook

Kofola expands further

SOFT drink producer Kofola has acquired a 40-percent stake in rival company Water Holding, boosting its position on the mineral water and cola market, Hospodárske Noviny daily reported on June 25.

(Source: Sme )

Kofola’s soft drink of the same name is very popular in Slovakia. It tastes like dandelion and burdock or root beer mixed with cola.

Kofola recently bought a company called Wad Group, thereby acquiring a 40-percent stake in Water Holding, which is the 100-percent owner of firms Slovenské pramene a žriedla (Slovak Springs), Stredoslovenské žriedla (Central Slovak Springs) and Zlatá studňa (Golden Well).

The holding produces mineral water and soft drink brands such as Šofokola, Zlatá studňa, Gemerka, Fatra and Budiš.

“Water Holding has in its portfolio domestic mineral water, which Kofola has been lacking for a long time,” said Kofola PR Manager Jaroslava Musilová.

Nevertheless, the whole transaction is now subject to an assessment on the part of the Anti-monopoly Office (PMÚ), which is to evaluate whether the move will endanger competition on the market. Andrea Wilhelmová of PMÚ has revealed that PMÚ has not come to any decision as yet.

The daily observes in this context that by acquiring the stake in Water Holding, Kofola could now catch up with its biggest rival on the market in terms of revenue -- Coca-Cola.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

European Commission accuses Slovak state rail carrier of obstructing inspection

Back in 2016, the ZSSK railway company allegedly marred an inspection, and thus the EC has sent a statement of objections now. ZSSK denies any fault.

Illustrative stock photo

Government raises salaries within its reach

Lowest wage impacts the population and firms differently.

Minimum wage also impacts surcharges for night and weekend work.

Not sure if your child has a hearing problem? Act fast

A son with a hearing disorder was born to the Majtáns. They have not given up and their story today helps people with a similar fate.

Rector, minister, president. Why nobody halted the plagiarists’ appointment?

None of the concerned parties see their role in evaluating the moral qualities of the candidate for professor.

Marian Vanderka