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BULGARIA: Carlsberg given competition go-ahead for Pirinsko deal

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Bulgaria's competition authorities have passed plans by the Danish brewer Carlsberg to buy a 67% stake in the country's local brewery Pirinsko Pivo, the local press reported today. The deal will now be closed by October 25, 2002.

The decision by the Commission for the Protection of Competition will allow Carlsberg a 20% share of the local beer market, ranking it third after market leaders Greek Brewinvest and Belgian Interbew, which currently hold 26% and 23% of Bulgaria's beer market, respectively.

Carlsberg already acquired a 59.4% stake in Bulgaria's Shumensko Pivo brewery in July 2002.


Companies: Carlsberg

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