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20 February 2006

Efes acquires Krasny Vostok

After a lengthy bidding, Efes bought one of Russia’s last independents, the Krasny Vostok brewery, thus beating a rival bid from SABMiller according to industry sources. Already last summer Russia media reported that Krasny Vostok was up for grabs, although the asking price – close to USD 1 billion – seemed steep.

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