The partnership of J. Boutari & Son Holding S.A. with Scottish & Newcastle Plc was signed on August 1st 2002, after the completion of regulatory audits. With this agreement and a total investment of € 30.000.000 for the 46,46% of Mythos Brewery S.A., Scottish & Newcastle Plc extends its scope and growth opportunities in Southern Europe. This investment portrays the dynamism and international prospects of Mythos Brewery’s key brand Mythos and is one of the most important deals of the alcoholic drinks industry in Greece.
J. Boutari & Son Holding S.A. and Scottish & Newcastle Plc will equally participate with a 46,46% in the new shareholder structure of Mythos Brewery S.A. and the rest 7,07% will be kept by ALPHA Bank and ETVA Bank. The two parties will have joint management control and representation on the Board of Directors. Mr. Constantine S. Boutari, President & C.E.O. of the Boutari Group, will be the President of the new Board of Directors of Mythos Brewery S.A..
The two partners have decided to issue with equal participation a convertible bond of € 8.800.000, which will be issued after the decision of the Mythos Brewery Shareholders’ General Assembly that is scheduled to take place on 16th of August 2002.
J. Boutari & Son Holding S.A. has also signed an agreement for the purchase of the shares of the institutional investors under the management of the venture capital firm Global Finance in its subsidiaries: Eurodrinks S.A., Midas S.A., Cambas Wineries S.A., Trofodomiki S.A. as well as a call option agreement for the purchase of the shares of the institutional investors under the management of the venture capital firm Global Finance in J. Boutari & Son Wineries S.A.