Pivovarna Lasko, a leading brewer in Slovenia, has secured five binding bids in a sale that iis likely to be completed by June end.
Though the names of the bidders have not been announced officially, local media reports say that Dutch brewer Heineken and four private equity firms have submitted their bids.
Lasko, which is owned by banks and companies, was put for sale in 2014, reported Reuters.
The selected bidder will be expected to invest at least €75m in exchange of acquiring one-third stake in the firm, which hopes to reduce its debt.
According to Slovenian securities legislation, acquiring parties need to hold one-third of a firm to make a buyout offer for the remaining shares.
Earlier this month, Heineken expressed its interest to buy the stake in Lasko.
According to local media reports, the firm also received bids from investment funds KKR , Mid Europa Partners, CVC Capital and Bain Capitalare.
"The received bids will be carefully examined, upon which a decision will be made on how to proceed with further negotiations in the sale process," Lasko was quoted a stating by the news agency.
About 51% of Lasko owners have agreed to sell their shares.
