BULGARIA: Brewer surges into profit
The Bulgarian brewer Zagorka, has turned in a 4m leys (US$1.8m) net profit after registering a 7m leys loss in 2000.
The company, which is majority owned by Greek-based Brewinvest, said: "Good quality of the beer which we produce and rising sales were the main reasons for the profit."
Brewinvest is a joint venture between Greece's Coca-Cola HBC and Dutch brewing group Heineken NV, and controls a 97% stake in Zagorka. The remainder is owned by individuals.
Dutch brewer Heineken is rumored to have released a self-chilling beer can....
ING has raised its target for Heineken's share price after analysing the brewer's options to save costs....
Heineken's CEO-in-waiting has no plan to radically alter the brewer's strategy, he said in an interview today....
Heineken has restructured its top management, in a move that includes the retirement of current CEO and chairman Thony Ruys from October this year....
Heineken said yesterday that its Austrian subsidiary Brau Union AG has signed an agreement for the divestment of its Real Estate Division. This division comprises all non-business related real estate ...
Heineken has acquired a 40% stake in a Chinese brewery....
Heineken Espana is looking to invest heavily in a new plant in southern Spain....
Grupo Empresarial Bavaria is not looking to sell up, its president has confirmed....
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