Further to the announcement on 28 October 2024 where Georgia Capital PLC ("GCAP") announced that it had agreed to dispose of its 92.4% equity stake in its beer and distribution business (the "Business") to a subsidiary of Royal Swinkels N.V. ("Royal Swinkels")(the "Transaction"), GCAP today announces that the closing conditions to the Transaction have been satisfied and that the Transaction has closed. GCAP has received net sale proceeds from the Transaction amounting to c. US$ 63 million.
As further detailed in the announcement on 28 October 2024, the Business is now held through a new holding company domiciled in the Netherlands ("Dutch Holdco"), with GCAP and its minority co-investor having a 20% holding in Dutch Holdco, and with Royal Swinkels holding the remaining 80%. The parties have put in place a put/call structure relating to the 20% holding in Dutch Holdco.
