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EUROPE: Castel subsidiary lands $26m in finance

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The European Bank for Reconstruction and Development is planning to inject US$26.7m in equity financing into BIH (Eastern) Ltd to help restructure and develop its beer, water and wine businesses in former Soviet Union countries.

BIH plans to slim down some operations, expanding others and entering some new markets, said an EBRD note. It is a subsidiary of Groupe Castel.


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