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Interbrew bought out SUN’s equity from Russian SUN Interbrew
16.08.2004 16:45 "Agro Perspectiva" (Kyiv) —
Belgian brewing company Interbrew has bought out equity of its partner SUN Trade from Russian joint venture SUN Interbrew, reports Interbrew. As to report, Interbrew has agreed to repay SUN Trade’s equity with new shares of SUN itself. Interbrew has estimated this transaction EUR530 million, yet made a supposition that joint expenditures for purchasing of SUN Interbrew’s controlling block of shares may reach in time EUR894 million. Upon transaction’s accomplishing, SUN group and its affiliated companies will own Interbrew’s 3.4% shares. As to press-release, transaction is to be totally finalized till end this year. SUN Interbrew is Ukrainian first, Russian second large brewery. Owning Ukrainian breweries Rogan (Kharkiv), Desna ( Chernigiv), Yantar (Myckolayiv) and being domestic beer market’s major participant, it estimates its market share as 34%. SUN Interbrew’s beer brands include international Stella Artois and Becks, while its most well-sold Ukrainian brand is Chernigivske. As to 2003 results, Ukrainian beer market’s capacity is estimated 160 million dl.
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