Baltika buys Baku-Castel
Too late. Although Efes CEO Alejandro Jimenez made some ominous remarks at the Canadean Madrid conference in April that Efes was planning further acquisitions in the former Soviet Union states, Efes was beaten to the pole by its Russian rival Baltika when it came to clinching a deal with the French-owned Baku-Castel brewery in Azerbaijan.
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