News

RUSSIA: Carlsberg to transfer Vena brewery to BBH

Most popular

Another drinks CEO steps down - But, why?

Pernod Ricard Performance Trends 2014-2018 - data

What's coming up in soft drinks in 2019?

What's coming up in spirits in 2019? - Predictions

MORE

Carlsberg Breweries has sold 49.9% in its St. Petersburg brewery OAO Vena Brewery (Vena) to Baltic Beverages Holding (BBH).

Carlsberg Breweries owns 50% of BBH, which has an option to buy the remaining shareholding in Vena in 2003.

Carlsberg had owned 99.9% of Vena following the acquisition of 33.32% from the European Bank for Reconstruction and Development. Minority shareholders own the remaining 0.1% of the share capital.

The sale are subject to approval by the Russian competition authorities.

In a statement Carlsberg said: "Selling Vena to BBH is a natural step in the process of concentrating the ownership and, consequently, the overall operating responsibilities for Carlsberg Breweries' activities in Russia, the Baltic countries and Ukraine with BBH, which has more than 10 years of experience in operating breweries in the countries mentioned. Furthermore, the Vena brands will complement the BBH portfolio of brands."

The sales will have no significant effect on Carlsberg Breweries' results for 2001.


Related Content

Carlsberg Performance Trends 2013-2017 - results data

Carlsberg Performance Trends 2013-2017 - results data...

Heineken buys 49% stake in Brixton Brewery

Heineken buys 49% stake in Brixton Brewery ...

Strong H1 for Carlsberg fails to temper fear over what lies ahead - Analysis

Strong H1 for Carlsberg fails to temper fear over what lies ahead - Analysis...

"Consumers know that brewing locally means less transportation and fewer carbon emissions" - Intervi...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?