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Zdenìk Radil plans to take over majority stake in PLG for CZK 1.9bn

Brewery Pivovary Lobkowicz Group’s (PLG) majority owners, Palace Capital and GO Solar, have signed a sales agreement on the basis of which all their shares in PLG will be transferred on the firm Lobkowiczký Pivovar, fully owned by PLG’s general director and board of directors chairman Zdenìk Radil. The group has stated that if the transaction will materialize, Lobkowiczký Pivovar will acquire 79.4% stake in PLG for totally CZK 1.9bn. The sale of the stakes is subject to the payment of the full purchase price before the end of August 2015.