EGM of Hoop S.A. approves merger with Kofola Group 31 March 2008

On the 31st of March 2008 Exceptional General Meeting of Hoop S.A. approved the merger between Hoop and Kofola SPV Sp. z o.o., the owner of 100% shares of Kofola Holding a.s. 

The merger will be conducted through transfer of all the assets of Kofola SPV in exchange for 13,083,342 shares, representing a total of 49.99% in Hoop’s equity after the merger, issued to the owners of Kofola SPV.

The merger will be completed after all relevant approvals and permits are granted. It will result in the creation of a leading Central European food and beverages group with the consolidated sales revenues exceeding PLN 1.4bn, operating in Poland, Russia, the Czech Republic, Slovakia and Hungary.