Kulczyk Investments selling remaining stake in SABMiller
22:11
Kulczyk Investments is selling its remaining 1.5 percent stake in brewer SABMiller news portal money.pl reported citing unofficial findings. The price of the package is expected to be around PLN 5 billion.
This is the second such transaction this year. In April, led by Sebastian Kulczyk, the group sold half its stake in SABMiller. At that time, KI raked in PLN 5.5 billion for 24 million shares of KI. Now the same package has gone on sale and for a similar price.
Kulczyk is selling shares in the beer company as part of a process of restructuring of the group's portfolio. It is to be based on three main pillars: large shareholding companies, which aim to provide capital protection; medium-sized companies from the CEE region with above-average growth potential; and Polish and foreign companies in the area of new technologies with global potential, whose development on international markets KI wants to assist.
