AUSTRIA: Brau Union ups holding in Schladming
Brau Union has almost trebled its stake in Brauerei Schladming. The Austrian brewery announced on Friday that it increased its holding of Schladming to 90% from the previous 33%. No details about the purchase price were available.
Brau Union, a subsidiary of Austrian beverages and real estate group BBAG, has held an interest in the Austrian brewer since 2001. The remaining 10% is owned by Austrian co-operative Erste Alpenlaendische Volksbrauerei Schladming Genossenschaft.
Heineken acquired BBAG in 2003 and intends to combine it with its operations in central Europe under the name Brau Union.
No management changes are expected.
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