Bryggerigruppen acquired an 86.6% stake in Kalnapilis for $33 million from Baltic Beverage Holdings (BBH) last October and, under local legislation, had to offer to buy out minority shareholders.
LITHUANIA: Bryggerigruppen boosts Kalnapilis stake
Danish brewer, Bryggerigruppen, has increased its share in the Lithuanian beer group, Kalnapilis to 96.8%. Kalnapilis is Lithuania#;s third largest beer manufacturer.
January 15, 2002