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RUSSIA: Shareholders approve Vena merger - report

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Shareholders of the Russian brewer Vena have approved a merger with Chelyabinsk-based Zolotoi Ural (Golden Ural) brewery, according to press reports.

A report in Prime-Tass said the decision had been made yesterday (11 November) at a shareholder meeting. Zolotoi Ural's common shares will now be converted into additional shares of Vena.

The two companies are controlled by BBH, the joint venture between S&N and Carlsberg.


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