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ROMANIA: Haber privatisation effort hits snag

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The Romanian Government has rejected current bids for a 51.71% stake in Haber brewery. Bids from Brau Union Romania and Brau Distributie failed to match at least 50% of the starting price, Romania's privatisation agency AVAS said yesterday (20 October).

The starting price for the stake has been set at ROL5.39m (US$1.8m) a spokesman for AVAS told local reporters.

In a statement, the agency said: "AVAS will analyse the Haber situation and will decide in the near future which method it will use to privatise the company."

Last year, Haber brewery, located in Hateg, western Romania, posted a net profit of ROL840,000, a slight increase on the ROL830,000 registered in 2003.


Sectors: Beer & cider

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