CEFC buys Czech brewer

Source:Reuters Published: 2015-9-5 21:18:01

CEFC China Energy Co, a Chinese leading energy and financial services company, will be the lead investor in a 1.9 billion crown ($78.46 million) deal to buy a 79.4 percent stake in Czech brewer Pivovary Lobkowicz Group, the Czech company said on Saturday.

Lobkowicz said CEFC will have 70 percent in the special purpose company set up to buy the stake.

Lobkowicz CEO Zdenek Radil, who had first reached a deal to buy the stake from existing shareholders in June, will have 10 percent, along with an option to buy another 10 percent from CEFC.

Posted in: Companies

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