The Ukrainian brewer Obolon is reported to be looking to acquire a brewery in Germany in the next two years, as part of its plan to expand internationally.

Reports in the local press quoted Obolon's honorary president, Oleksandr Slobodian, as saying that seven medium-sized breweries are presently being considered.

Obolon is still seeking the financial means for the acquisition, the reports said, which will be for a controlling stake.