The Belgian bank, Degroof, has reduced its rating on the Belgian brewing combine, Interbrew, from "hold" to "reduce" believing that the current heatwave in Europe would become a negative factor for the brewing industry.
The Belgian bank, Degroof, has reduced its rating on the Belgian brewing combine, Interbrew, from “hold” to “reduce” believing that the current heatwave in Europe would become a negative factor for the brewing industry.
“We do not see any reason for Interbrew to outperform the sector as more than 40% of its volumes comes from Europe,” said Degroof’s analyst, Christophe Piron.
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