News

RUSSIA: More minority opposition to BBH – report

Most popular

Why single malt should ignore its core consumer

Canada blazes a trail for cannabis beverages

How young consumers are transforming brands

Everywhere is now a drinking occasion - Trends

Why spirits should look back to move forwards

MORE

Minority shareholders in Voronezhsky brewery are looking to block the company's merger with Yarpivo, according to local reports. Vedomosti said today (31 August) that Emit Trading Ltd, a Cyprus-based company with a 1.5% stake in the Russian brewer, has claimed that the merger cannot go ahead without minority-owner backing. These smaller shareholders rejected the merger at a meeting in June, the paper noted.

Lawyers for Baltic Beverages Holding (BBH), which controls 61% of Yarpivo, told the paper that the move could proceed as, when the merger agreement was signed, Yarpivo owned over 75% of Voronezhsky.

BBH is in the middle of a legal struggle with minority shareholders at one of its other Russian breweries, Baltika. The shareholders oppose plans to integrate BBH's Russian brewing operations through Baltika's purchase of BBH's holding in Pikra Brewery.


Related Content

FREE TO READ - just-drinks' Mergers & Acquisitions database - May 2019

FREE TO READ - just-drinks' Mergers & Acquisitions database - May 2019...

FREE TO READ - just-drinks' Mergers & Acquisitions database - January 2018

FREE TO READ - just-drinks' Mergers & Acquisitions database - January 2018...

Anheuser-Busch InBev, Anadolu Efes to challenge Carlsberg with Russia merger

Anheuser-Busch InBev, Anadolu Efes to challenge Carlsberg with Russia merger...

FREE TO READ - just-drinks' Mergers & Acquisitions database - April 2019

FREE TO READ - just-drinks' Mergers & Acquisitions database - April 2019...

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?