Categorized | Beer, News

Bulgarian Brewery Kamenitza Changes Owner

manreading

AB InBev sells Central European operations to investment fund CVC

Bulgarian beer producer Kamenitza has changed its owner. The world’s biggest brewery, Anheuser-Busch InBev, announced it has finalised the sale of its Central European operations to investment fund CVC Capital Partners, after receiving approval from the European Commission on November 27, 2009.

The deal amounts to USD 2.2 billion and includes AB InBev’s all 11 breweries in Bulgaria, Croatia, the Czech Republic, Hungary, Montenegro, Romania and Serbia, as well as its distribution business in Slovakia and Bosnia and Herzegovina. An additional USD 800 million payment is contingent on the buyer’s return on the initial investment. The company that will manage AB InBev’s former business in Central Europe will be named StarBev and will be seated in Prague.

Tags | , , ,

Friday, November 24, 2:46 pm

Search by Tag