Drinks maker Kofola Ceskoslovensko has announced plans to cut its
registered capital 2.23 billion crowns by roughly 50 per cent, subject to
approval at a general shareholders meeting on August 13.
The aim is to optimise Kofola’s equity structure and ensure regular dividends for investors even in the event of potential revaluation adjustments of its Polish subsidiary HOOP Polska in the company’s accounts.
Kofola is controlled by the Greek-Czech Samaras family, who resurrected the cola brand Kofola in the 1990s. The drinks maker has since expanded throughout Central Europe but has struggled to gain a stronghold in Poland.
Coca-Cola has opened two production lines at Kyje in Prague that will make
plant-based drinks. The dairy-free smoothies will be sold under the brand
AdeZ in 11 European states. Coca-Cola has invested over CZK 300 million in
Speaking at Tuesday’s launch the Czech prime minister, Andrej Babiš, said he was glad that Coca-Cola was investing and paying taxes in the Czech Republic. He also told executives that he looked forward to the company’s adverts every Christmas.
Karlovy Vary based Czech mineral and bottled waters giant Karlovarské Minerální Vody(KMV) recorded a turnover of 8.3 billion crowns (3.3 billion euros) in 2017, which is an increase by 12 percent on the previous year, the Czech News Agency reported on Thursday. The company achieved reached record results for the third consecutive year.
Czechs are still the world’s leading beer drinkers, but consumer habits are changing. Whereas once the biggest share of beer produced was consumed at the pub, now Czechs are taking it home. While pubs and restaurants are selling less beer, sales of bottled beer have not dropped and sales of canned beer have seen a sharp rise.
The popular Czech soft drinks producer Kofola ČeskoSlovensko confirmed this week its latest acquisition to its broadening portfolio, this time the Croatian brand-name mineral water Studenac, owned by Podravka. The two firms signed an agreement on the sale but did not release details about the amount. The transaction is to be completed by the end of the year, according to news site iDnes.
The Czech Agriculture and Food Inspection Authority has ordered retailers to pull an alcohol-free beer from their shelves which tests showed contained more alcohol than advertised or allowed. Samples of a beer called Vyškovské pivo Alkostop, the news site Novinky.cz reported, were found to contain 1.6 percent alcohol - far higher than than the maximum 0.5 permitted in alcohol-free beer. Further tests have been ordered with costs reportedly to be covered by the producer. The spokesman for the authority said that the higher percentage of alcohol could lead to problems, were, for example, a consumer to get behind the wheel.
The popular Czech beverage maker Kofola went public on Wednesday, December 2nd, with trading launching on the Prague Stock Exchange. Within a week’s time, the trading of Kofola shares will begin also in Warsaw. With interest rates at record lows and equity funds reporting surplus cash, investor interest on the regulated market is expected to be high.
Czech soft-drink producer Kofola has increased its sales to 5.5 billion crowns, which is the best results in the company’s history. The company’s sales in the first three quarters of the year have increased by over 16 percent year-on-year. Kofola announced the results in a press report released on Monday.
A new bill drafted by the Ministry of Health envisages a ban on smoking in restaurants in the Czech Republic. The legislation would bar smoking in places where food is prepared, which would mean most of the country’s pubs. It was this week sent to other ministries for review, the news site iDnes.cz reported. If it gains the necessary support, the law – which would also require bar operators to carry a non-alcoholic drink cheaper than beer – would come into effect the year after next. Several attempts to ban smoking in Czech hostelries have come nothing over the years.