Interbrew aims to buy Russian brewer Rosar
Article Abstract:
Rosar, a beer manufacturer headquartered in West Siberian Omsk, Russia, intends to sell a majority interest in the company to Interbrew SA, a rival firm based in Belgium, for 2.8 billion Belgian francs. The purchase deal is expected to be consummated by the early part of September 1998, according to Axel Cogels, executive vice president of corporate affairs at Interbrew. Interbrew has expressed plans to infuse $26 million in Rosar to be used for the procurement of new equipment, as well as to buy new shares for $44 million.
Comment:
To acquire a majority interest in Rosar, a rival firm, for 2.8 billion Belgian francs
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Grolsch deflects takeover bid from Interbrew; shares gain 15%
Article Abstract:
Grolsch N.V. has stated that despite it's recent decline in profits they are not interested in the takeover bid proposed by Interbrew S.A. a privately held Belgian brewer. The CEO of Interbrew has stated that if the board of Grolsch is not receptive to their offer a hostile takeover will not be attempted.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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