GERMANY: Radeberger eyeing acquisition targets
Radeberger is looking to make acquisitions in an attempt to up its share of the German beer market.
Speaking to local reporters yesterday (6 February), the brewer's board chairman, Ulrich Kallmeyer, said that Radeberger is currently in talks with medium-sized and large breweries about possible takeovers.
The beer unit of food group Dr. Oetker is hoping to up its market share in Germany from 15% to 20%.
Dr Oetker completed its takeover of Radeberger, Germany's third-largest brewer, in 2003. The brewer posted turnover last year of EUR1.3bn (US$1.56bn).
Sectors: Beer & cider
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