News

RUSSIA: Heineken completes brewery purchase

Most popular

The alcohol industry is about to become less sweet

Why a sale of Casella is no slam-dunk

How the sugar tax has transformed soft drinks

Pernod is back in Kentucky, but why did it leave?

Sustainability cues offer a marketing opportunity

MORE

Heineken has acquired a brewery in Russia. The Dutch brewer confirmed yesterday (6 July) that it has signed an agreement to acquire 100% of Stepan Razin brewery in St. Petersburg, Russia.

The transaction will be funded from available cash resources and is subject to regulatory approval, Heineken said. The acquisition will be earnings enhancing in 2006 and is value enhancing in 2007.

As agreed by both parties, the acquisition price will not be disclosed, although reports last week suggested that the purchase would cost around US$138m.

The transaction will see Heineken's market share in Russia grow to 10%, with volumes of over 8m hectolitres.

In a statement, Jean François van Boxmeer, member of the executive board of Heineken, said: "With the latest acquisition of the Stepan Razin brewery, Heineken obtains market leadership in St. Petersburg and acquires the leading regional Stepan Razin brand, which has a longstanding heritage and a national potential."

The Stepan Razin brewery has a sales capacity of 2.3m hectolitres. The portfolio consists of the regional beer brands Stepan Razin, Kalinkin and Ordinar, which represented a total volume of 1.4m hectolitres of beer in 2004. National market share of Stepan Razin last year was 1.7%, market share in the north-west region of Russia was 18% and in St. Petersburg the market share was 32%.


Sectors: Beer & cider

Companies: Heineken

Related Content

Heineken buys 49% stake in Brixton Brewery

Heineken buys 49% stake in Brixton Brewery ...

Heineken Performance Trends 2014-2018 - results data

Heineken Performance Trends 2014-2018 - results data...

Anheuser-Busch InBev set for brewery, OXXO boost in Mexico - CEO Carlos Brito

Anheuser-Busch InBev set for brewery, OXXO boost in Mexico - CEO Carlos Brito...

Carlsberg and Heineken in Cambodia - What just-drinks thinks

Carlsberg and Heineken in Cambodia - What just-drinks thinks...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?