Belgian brewing group, Interbrew, closed the second round of a $97m share subscription in its Czech subsidiary, Prazske Pivovary, early after demand exceeded the amount of shares on offer.

Interbrew offered 3.7m shares, left over from an earlier rights issue, at a 25% discount to the then market price. The share issue is the final stage in a financial restructuring of Prazke Pivovary which is 96%-owned by Interbrew.