Brau majority owner holds over 98% of stocks
Tuesday, March 29, 2005, 00:00
The public purchase bid made by Brau Immobilien GmbH for the ordinary and preference shares of Brau Union Hungária Breweries Rt late last year closed on March 29. The majority owner increased its share in the company from 93.2% to 98.19% by buying 235,365 preference shares with a face value of Ft 3,000 and 9,309 ordinary shares with a face value of Ft 3,000. Having made a purchase bid at Ft 12,800 per share in December 2003, the Heineken Group was wrangling with small stockholders for more than a year, with a new offer made at Ft 17,200 and approved by the State Financial Institutions Supervision last month as a result.