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Coca-Cola HBC eyes acquisition of Serbia's Knjaz Milos

Author Radomir Ralev
Coca-Cola HBC eyes acquisition of Serbia's Knjaz Milos Source: Pixabay

BELGRADE (Serbia), February 21 (SeeNews) – Coca-Cola Hellenic Bottling (HBC) has expressed interest in the acquisition of Serbian mineral water and non-alcoholic beverages producer Knjaz Milos, the managing director of Knjaz Milos parent company Moji brendovi said.

Coca-Cola HBC is among the companies interested in the acquisition of Knjaz Milos amidst very intensive competition, Andrej Jovanovic said in a video file published on the website of public broadcaster RTS on Wednesday. 

According to Serbian media reports, the enterprise value of Knjaz Milos is estimated at 260 million euro ($295.2 million).

"This would be a good deal," Jovanovic said, commenting on the reported enterprise value, according to the video file.

In April 2015, private equity firm Mid Europa Partners, the owner of Moji brendovi holding company, acquired Serbia's Danube Foods Group, including dairy group Imlek, Bambi and Knjaz Milos.

Coca‑Cola HBC said on Monday it acquired confectionery company Bambi from Mid Europa Partners for an enterprise value of 260 million euro.

($ = 0.880704 euro)