The giant food and drink group Nestle AG has said that its German unit will sell 51% of the beverage logistics groups Trinks GmbH Goslar and Trinks Sued GmbH Muenchen.


The sale is being made to a group of German brewers, which include Krombacher, Radeberger and Warsteiner Brauerei Haus Cramer KG. The deal is expected to be completed by January 2004, with a definitive contract signed this October.


Nestle Waters Deutschland’s remaining stake of 46% will be further reduced in the coming years.


Trinks 2002 sales reached about €1 billion and the group distributed 1.3 billion litres of drinks.


The deal is subject to regulatory approval and will have no impact on jobs.

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