DENMARK: Royal Unibrew completes Polish brewery sale
Royal Unibrew, the Danish brewer, has received approval from competition authorities to sell its Koszalin brewery in Poland to local beer group Van Pur.
Unibrew's Polish beer brands will also be handed to Van Pur, the brewer said yesterday (2 June), giving the final deal a price of DKK35m (US$6.7m).
The proceeds will have no effect on Unibrew's previously announced earnings guidance for 2009, the firm said.
Unibrew was hit particularly hard in Eastern Europe in the first quarter of 2009, with sales dropping 21% to DKK181m. Sales in Western Europe fell by 3.4% to DKK491m.
The Koszalin sale forms part of a restructuring plan, announced by Unibrew in its full-year results statement for 2008.
Royal Unibrew, the Danish brewer, reported an improvement in earnings for the first nine months of the year, despite a fall in sales....
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