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Czech cola-maker Kofola’s shares slump 21% after shareholder’s discount sale

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Czech cola-maker Kofola Ceskoslovensko’s shares tumbled to a record low on Wednesday after its largest minority shareholder sold around 40 percent of its stake at a 26 percent discount. CED, part of Poland-based private equity firm Enterprise Investors, has been considering the sale of its entire 21 percent stake since May, looking to cash out on its decade-long investment in the revamped Communist-era brand.

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