Tag Archive | "bulgaria"

Bulgarian Brewery Kamenitza Changes Owner

Bulgarian Brewery Kamenitza Changes Owner

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. [...more]

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Bulgarians Name Brandy After PM After Tax Victory

Bulgarians Name Brandy After PM After Tax Victory

Bulgarian villagers have named their home-made rakia brandy "Borisovka," playing on the name of Prime Minister Boiko Borisov to thank him for stopping parliament from raising taxes on alcohol. Last month, the Balkan country's new centre-right government abandoned plans to raise alcohol taxes after public anger that this would threaten a centuries-old tradition of making wine and rakia at home. But the parliament's budget commission later proposed a hike from 2010 and parliament was due to approve the increase on Wednesday when Borisov, a firefighter by training with a black belt in karate, stepped in and asked deputies to scrap the plan. [...more]

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A-B InBev receives just one bid for it’s Central & Eastern European business

A-B InBev receives just one bid for it’s Central & Eastern European business

Anheuser-Busch InBev, the world’s largest brewer, has received only one bid for its central and eastern European operations from CVC Capital Partners, the private equity group, throwing the auction into doubt. [...more]

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