Kofola ČeskoSlovensko is set to acquire a majority stake in Pivovary CZ Group, a leading Czech brewery known for its brands Holba, Zubr, and Litovel, pending antitrust approval.

Information on the Target

Pivovary CZ Group is a prominent player in the Czech brewing scene, ranking as the fifth largest brewing group in the country. The company is known for producing popular beer brands such as Holba, Zubr, and Litovel. With brewing operations distributed across its facilities in Hanušovice, Přerov, and Litovel, Pivovary CZ Group is expected to brew over 800 thousand hectolitres of beer in the year 2023. The company employs nearly 500 individuals, contributing significantly to the local economy and the regional job market.

In autumn 2022, whispers emerged about the potential entry of an investor into Pivovary CZ Group to augment its current shareholder structure. Ultimately, the decision was made to sell 100% of the shares in a comprehensive process led by the consulting firm Patria Corporate Finance. Despite speculation around the interest of major brewing entities like Heineken, no large brewing groups submitted bids during the tender process.

Industry Overview in the Czech Republic

The Czech Republic boasts a rich brewing heritage, with a beer consumption per capita that ranks among the highest in the world. This nation is home to numerous traditional breweries and has a culture deeply intert