BELARUS: President reacts angrily to Baltika decision
According to a report in the Moscow Times, the Belarussian president, Alexander Lukashenko, has threatened to ban Baltika, along with every other Russian company, from investing in the country.
The dramatic warning comes amid a bitter wrangle over the investment by the Russian brewing concern, Baltika, in modernising a Belarussian brewery at Krinitsa. Baltika planned to invest some $50 million over two years in modernising the brewery after a specific undertaking from Lukashenko that it would be granted a controlling stake in return.
Having invested some $10 million and heard nothing from the government for two months, Baltika pulled the plug on the project in January and asked for its money back.
Baltika has written to its shareholders approving the guiding principles for a proposed merger with the Pikra, Vena and Yarpivo brewing companies in Russia....
Baltika has posted an impressive rise in H1 net profit....
Baltika has posted a healthy rise in H1 net profits....
Scottish & Newcastle will "vigorously defend" any accusations of illegal and unethical behaviour in its Russian holdings....
Baltika has begun supplying beer direct to Ireland....
Baltika has failed in a bid to gain sufficient support from minority shareholders for its proposed acquisition of the Pikra brewery for US$67.5m....
Baltic Beverage Holdings plans to begin consolidating its Russian assets with the brewer Pikra, a press report said today....
Baltika Brewery has posted its Q1 figures....
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