MPWiW, after the merger with Doctor Brew and Przyjaznym Państw, aims at IPO and debut on NewConnect

Manufaktura Piwa Wódki i Wina (MPWiW) finalizes the merger with Doctor Brew and the inclusion of the Friendly State into the group. It then intends to launch an IPO and float on NewConnect, the company said.

“As we have announced so far, our main goal is to debut on the NewConnect market. The debut will be preceded by an initial public offering of shares. First, however, we must complete the merger with Doctor Brew and the acquisition of Przyjazny State, which will formally achieve the target structure of the holding. These are the key entities in the group’s portfolio that build its value. We assume that both processes will be finalized in the next few weeks and then we will be able to start the IPO “- said Tomasz Nietubyć, vice-president of MPWiW, quoted in the press release.

The consolidation process of MPWiW and Doctor Brew started in 2020. In the first step, the operational consolidation was performed by transferring the Doctor Brew beer production process to the Tenczynek plant and obtaining the synergy effect. In December 2021, the shareholders of Manufaktura Piwa Wódki i Wina approved the merger resolutions with Doctor Brew and Przyjaznestwa.

Manufaktura Piwa Wódki i Wina creates an alcohol holding company with strong regional beer brands, while consolidating other alcohol projects. Manufaktura Piwa Wódki i Wina is now a part of the Manufaktura Piwa Wódki i Wina holding. Tenczynska Okovita, Tenczynek Distribution, Tenczynek Fresh and indirectly also Tenczynek Non-alcoholic.

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