Wienerberger AG completed the acquisition of a 80% stake in Vargon D. O. O.
Wienerberger AG (WBAG:WIE) agreed to acquire 80% stake in Vargon D. O. O on June 9, 2022. Goran Branic will retain 20% stake in Vargon. The transaction is subject to necessary antitrust approvals and the fulfillment of other conditions. The closing of the transaction will take place in 2022. As of year ended 2021, Vargon D. O. O. reported a revenue of 24.4 million. Vice MandariÄ (local partner), Luka LopiÄTiÄ (partner), Christoph Haid (partner) of Schönherr Rechtsanwälte Gmbh acted as legal advisor to Wienerberger AG.
Wienerberger AG (WBAG:WIE) completed the acquisition of a 80% stake in Vargon D. O. O on August 10, 2022.