German bottled water firm Mineralbrunnen AG has sold its mineral water brand Staatl Fachingen to local beverage company Sinalco Brand Drinks & Co.

The sale is expected to help Minag generate proceeds of around EUR20m (US$28.7m), Mineralbrunnen said yesterday (20 June). The transaction, for an undisclosed sum, is subject to antitrust approval.

The sale process involved negotiations with "various interested parties", the company said. In 2010, Mineralbrunnen reported annual losses of EUR5.6m.