Soltysinski Kawecki & Szlezak has advised Heineken International on its PLN 1.66 billion acquisition of the remaining 35% stake in Grupa Zywiec through a block trade transaction, public tender offer, and subsequent minority squeeze-out. Drzewiecki Tomaszek & Partners advised Harbin on the sale of a 28.19% block of shares in Grupa Zywiec.
"We advised on the purchase of approximately 28.2% of the shares from Harbin B.V. in a block trade transaction for around PLN 1.33 billion that was completed in October 2022," SK&S informed. "Subsequently, SK&S advised Heineken International on the announcement and execution of the public tender offer for all of the remaining shares in Grupa Zywiec that was completed in December 2022 and resulted in the acquisition of an additional approximately 6% of the shares, for PLN 286 million, as well as a minority squeeze-out that was concluded in January 2023."
Grupa Zywiec is a Warsaw Stock Exchange-listed brewery.
Heineken International is a Netherlands-based brewer with global operations.
Harbin is a Dutch investment company that makes mezzanine and equity investments.
The SK&S team included Partner Marcin Olechowski, Of Counsel Justyna Mlodzianowska, Senior Associate Jan Pierzgalski, and Associate Piotr Mordzonek.
The Drzewiecki Tomaszek & Partners team was led by Managing Partner Zbigniew Drzewiecki and included Counsels Marcin Kasprzyk and Tomasz Krolasik.
Editor's Note: After this article was published, Drzewiecki Tomaszek & Partners confirmed it also advised Harbin on the second stage of the transaction – the sale of the remaining 6% of shares for approximately PLN 280 million – completed in January 2023. "As a result of the transaction, Heineken has significantly increased its stake in Grupa Zywiec and Harbin is no longer a shareholder in the company," the firm announced.
