The Kofola Group is buying the 100% share in Karlovarská Korunní and Ondrášovka

The Kofola Group has today signed a working agreement concerning the purchase of 100% shares in Karlovarská Korunní and Ondrášovka companies. This transaction is subject to approval by the Office for the Protection of Competition. The finalization of this transaction is expected in the first half of next year. Both parties have agreed not to publish the amount of this transaction.

This year, there has been very significant mergers of competitors in the soft drinks market, and this is a logical step that will help the parties involved in these transactions to maintain competitiveness and further development in the current business environment.

Karlovarská Korunní and Ondrášovka are owned by the company Ondrášovka Holding,a.s. Both companies, subjects of this transaction, generated in 2018 total annual sales to the amount of CZK 850 million. With this transaction the Kofola Group aims to expand its portfolio to include traditional Czech mineral water brands and strengthen its position in the bottled water category on the Czech market.

Until the approval of the Office for Protection of Competition and settlement of this transaction, all above mentioned companies will work as independent units without any mutual links.