Carlsberg Okocim share issue potentially endangered

The Industrial Development Agency, which already owns the second largest stake in Carlsberg Okocim is expected to resign from buying new shares that the company is about to issue. "We are involved in several other projects. Even if we do not buy the shares, our stake in Carlsberg Okocim will not drop below 5%, so we will not be exposed to the risk of an obligatory buyout," said Liliana Dziedzic from the Agency. It seems, therefore, that the only subscriber could be Bitburger, which intends to purchase the right to buy shares in the new issue from Carlsberg to secure a 23% stake. The issue of between 6.7 million to 8.36 million shares for zl. 16.37 each, was designed to finance debts arising from the takeover of the Kasztelan brewery. (Puls Biznesu, p. 7) M.K.