Bergenbier valued at 300m euros

Bergenbier, the producer of Bergenbier and Stella Artois beer brands, which ranks third on the domestic beer market, increased its share capital by 890m RON (over 210m euros), an operation in the wake of which 20.6 million new shares were issued, according to Official Gazette information.

Bergenbier has thus come to a total of 28.88 million shares, considering the value of a share stands at 43 RON. At this price level, the total value of Bergenbier shares amounts to 1.24bn RON (295.7m euros), according to ZF estimates.

“A number of 20.68 million new shares were issued, with a face value of 0.1 RON per share, yielding a share capital increase of 2.07m RON at the face value. The gap between the face value of shares and their market value materialised into issue premiums,” explained Bergenbier representatives, without offering any information about the company’s value, though.

The capital increase the company operated in December 2010 has a complex structure and was aimed at cutting the debts Bergenbier had to its majority shareholder, operations required by certain accounting rules.