The German brewer Radeberger Gruppe has acquired a 50% stake in Stuttgarter Hofbrau AG, it was announced yesterday, for €60m.
“For the future, the contract provides Radeberger the opportunity to take a larger stake via fixed put and call options,” Stuttgarter Hofbraeu also said.
The move follows comments by Radeberger on Monday that it wanted “to play a continuing role in the consolidation of the German beer market.”
The two brewers said that along with organic growth, they will also look to make further acquisitions in the region of Baden-Wuerttemberg.
