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PORTUGAL: Drink In to be sold - report

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A Portuguese businessman is mulling the acquisition of Drink In, according to local reports.

Jorge Armindo is considering buying the company from Portuguese brewer Sousa Cintra, local reports claimed over the weekend. A decision on the purchase is expected by the end of this month.

Drink In produces Cintra beer in Portugal, which saw its market share fall in the first nine months of last year to 0.8%.

In 2004, Drink In produced 300,000 hectolitres of beer, with exports accounting for half of the company's total turnover. Drink In exports its production primarily to Australia, France, the UK, the US and Angola.


Sectors: Beer & cider

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