Żywiec to sell its stake in Distribev

Grupa Żywiec have sold an 80 percent stake in its subsidiary Distribev to Orbico, a logistics company registered in Croatia. The value of the contract stands at PLN 96 million. The takeover will be finalized once conditions outlined in the deal are met. Grupa Żywiec consists of five main breweries: Żywiec Brewery, Elbrewery, Leżajsk, Warka Brewery and Cieszyn Brewery. Currently the Dutch Heineken Group, with a 61 percent shareholding, has control over major operations.