Krasny Vostok is considering selling a stake to a foreign partner, according to local press reports. Vedomosti reported today (15 February) that the privately-owned Russian brewer is mulling the stake sale.

The report suggested that the main contenders would be either Anheuser-Busch or Molson Coors, neither of which have production facilities in Russia yet. SABMiller and Heineken have said that they are not interested, the newspaper added.

The Russian company, whose name translates as Red East, is estimated to be worth between US$770m and US$1bn, the paper said.