Oasis CIS eyes brewer stake buy - report

Oasis CIS eyes brewer stake buy - report

Oasis CIS is eyeing expansion in Ukraine's beer market via the possible acquisition of local brewer Persha Privatna Brovarnya, according to a report.

Oasis may acquire 67% of Persha Privatna Brovarnya for up to US$40m, according to a report by the SKRIN newswire today (6 December). Oasis' Russian owners, Yevgeny Kashler and Alexander Lifshits, used to own Ivan Taranov Breweries in Russia, which they sold to Heineken in 2005.

If a deal takes place, it would mark Oasis' second purchase in the Ukrainian brewing sector in 2011. Earlier this year, the group acquired a majority stake in brewer and soft drinks maker Radomyshl.