GERMANY: Interbrew sells Rostocker to Brau und Brunnen

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Belgian brewer Interbrew has announced it has reached an agreement to sell its Rostocker Brauerei to Brau und Brunnen, subject to regulatory approval by the competition authorities.

The sale will not impact Interbrew's income statement, the company said, although it did not reveal financial detials of the transaction.

The Rostocker Brauerei has been part of Interbrew since February 2002, when the Beck & Co acquisition was completed.

During the subsequent period, which saw the integration of both Beck & Co and Diebels into the Interbrew group, the company said it became "apparent that the Rostocker Brauerei and its brands would not provide a natural fit with Interbrew's portfolio. As a result, Interbrew could not provide the optimal platform for further growth of Rostocker Brauerei and its brands."

Dieter Ammer, regional president Germany, Southern Europe and export of Interbrew, said: "We are pleased with this agreement. Brau und Brunnen is one of the leading players in the north-eastern part of Germany and is therefore a logical, preferred partner for Rostocker Brauerei.

"Within Brau und Brunnen's presence in the Mecklenburg-Vorpommern area, Rostocker Brauerei will enjoy new opportunities to develop."

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