According to a report from the BETA news agency, the Turkish brewer, Efes Breweries International, has acquired a majority stake in the Serbian brewer, Pancevo Brewery, the first Serbian brewery to be privatised. Efes was reported to have paid US$6.3m for the 63% stake.

Efes was also reported to have committed a further US$10m for investment in the brewer over the next two years. Pancevo currently has a total annual production capacity of 40m litres a year.

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