Dutch brewer Heineken, which had purchased a majority stake in Slovenian brewery Pivovarna Lasko for around $237m, is planning to acquire the remaining stake as well.
In April this year, the beer company had paid €25.56 for each of the 4,673,941 shares, giving it a majority holding of 53.4%.
The company intends to make a takeover offer to all the rest of the shareholders in the next three working days, The Drinks Business reported.
Established in 1825, Pivovarna Laško Group produces beer, spirits, mineral water, and other non-alcoholic beverages, along with diversified business of newspaper and publishing business. The Group is considered to be one of the largest breweries in Slovenia. The company posted €1.9m in net profits in 2014.
Heineken has been on an acquisition spree lately. Last week it announced having taken control of Jamaican company Desnoes & Geddes, which was followed by Diageo's stake of 57.9% in a €696m deal, reported Yahoo.
The company is also making strides in Asia having acquired full control of GAPL, which has a majority stake in Malaysian brewer GAB, which sells beer brands such as Tiger, Anchor and Malta.
Heineken manufactures and sells more than 200 brands of beer and cider and employs around 70,000 people across the globe.
In April, it was reported that the whole deal was initially worth a total of about €400m, including Lasko's debt, which forced the company to consider sale last year. The deal was announced by Heineken and Lasko's largest shareholder Bank Asset Management Company (DUTB).
However, the company decided that it would bid for the whole company in line with Slovenian legislation at a later stage.
