Van Pur SA and Grupa Żywiec SA sign a letter of intent on the sale of Browar Braniewo
On 15th October, Van Pur SA and Grupa Żywiec signed a letter of intent on the sale to Van Pur of 100% of the shares in Browar Braniewo Sp. z o.o., the rights to the brands "Kuflowe", "Braniewo" and "Jasne, że Pełne", as well as the real estate and assets related to the production of those brands in the brewery.
Van Pur is dynamically developing its operations on the Polish and foreign markets. The company is making further investments to enable it to continually offer unique products to its customers. In line with its development strategy, Van Pur has declared its willingness to purchase 100% of the shares in Browar Braniewo Sp. z o.o., the rights to the brands "Kuflowe", "Braniewo" and "Jasne, że Pełne", as well as the real estate and assets related to the production of those brands in the brewery. The parties have signed a letter of intent to initiate the process of examining the subject of the transaction, otherwise known as due diligence. Provided the audit process is completed successfully, and the President of the Office of Competition and Consumer Protection consents to the takeover, the transaction will be finalised in 2020.
“We are a Polish company, one of the largest beer producers in Central and Eastern Europe, but it is the domestic market where we want to direct our efforts by creating jobs and a new range of products for our customers. For this to happen, we have to constantly invest. The takeover of Browar Braniewo is another milestone in the development of Van Pur. We are convinced that this is a good direction for our company. We want to maintain and continue the tradition of well-known Polish beer brands with an established position on the market,” comments Jagoda Iwańczuk, President of the Management Board of Van Pur SA.
“The intention for Grupa Żywiec to sell Browar Braniewo is a result of our plans to direct our investments towards strategic areas, simplifying our operations and separating those assets where the expected return on capital is lower than the goals set by our company. We believe that, taking into account the market specialisation and development strategy in Poland, Van Pur will be a good investor for Browar Braniewo,” says Francois-Xavier Mahot, President of Grupa Żywiec SA.