Carlsberg quits race for Slovenia's Pivovarna Lasko - media

The main reason for the withdrawal is the Danish company's exposure to the depreciating Russian rouble, news daily Delo reported on Tuesday.

Earlier this month, Delo reported the search for an investor to recapitalize Pivovarna Lasko with at least 75 million euro ($93.7 million) had attracted, in addition to Carlsberg, also Heineken and equity funds KKR, Mid Europa Partners, CVC Capital Partners and Bain Capital.

The recapitalization offers, according to unofficial information, ranged from 8.0 to 27 euro per share. 

Parallel to the recapitalization process, several of Pivovarna Lasko shareholders have formed a consortium to sell a combined 44.68% of the company.

The consortium is led by the Bank Assets Management Company which will coordinate the sale on behalf of Kapitalska Druzba, Alpen Invest, Abanka Vipa, KD Skladi, Nova Kreditna Banka Maribor and Zavarovalnica Triglav.

The Bank Assets Management Company was the largest single shareholder of Pivovarna Lasko at the end of June with a stake of 23.5% followed by Kapitalska Druzba with 7.06%. Abanka was the other consortium member among the company's 10 biggest shareholders with a 3.3% stake.

($=0.8209 euro)