The German food group, Oetker, is to buy the remaining 4.36% of the German brewer, Radeberger Gruppe AG, which it does not already own.

Oetker currently owns 95.64% of Radeberger. The brewer’s CEO, Ullrich Kallmeyer, said that the buyout will give Radeberger greater financial freedom as listed companies need to hold shareholders’ meetings to ratify decisions.

Radeberger, Germany’s third largest brewer, recorded sales of €904m (US$1,015m) in 2002, up 6.5% from 2001.

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