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