BELARUS: Heineken quiet over Rechitsapivo talks

By just-drinks.com editorial team | 16 April 2008

Heineken has stayed silent on rumours it is in talks with Belarus' Rechitsapivo brewery over potentially taking a controlling stake.

Speaking to just drinks today (16 April), a spokesperson for Heineken said: "We never comment on specific acquisition opportunities," after local reports suggested that the Dutch brewer was eyeing a stake of around 33% and upwards.

In January, Heineken acquired the holding company of Belarus-based Syabar Brewing Co. for an undisclosed sum. The parent firm has been bought from a consortium led by Detroit Investments Limited (Cyprus) and the International Finance Corporation, an affiliate of the World Bank.

Sectors: Beer & cider

Companies: Heineken