Wienerberger AG (WBAG:WIE) agreed to acquire 80% stake in Vargon D. O. O on June 9, 2022. Goran Brašnic 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 Mandarić (local partner), Luka LopiÄTić (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.