Consolidation on the Balkans
Efes Breweries International N.V. ("EBI"), the Holland based subsidiary of Anadolu Efes, which is soon to float on the London Stock Exchange, completed its acquisition of the 7 Septambar A.D. Zajecar Brewery ("Zajecar") located in Zajecar, Serbia-Montenegro and purchased a 64.4 percent stake through a tender offer. According to a corporate statement, this deal makes EBI the third largest brewer in Serbia-Montenegro - a beer market in which Interbrew, Heineken and Carlsberg in 2003 controlled a total of 70 percent.
Valued at a total of EUR18.5 million, EBI paid EUR12 million for the 64.4 percent stake.
The Zajecar Brewery has a brewing capacity of one million hl and produces the Pils Plus and Zajecarsko brands. Last year it sold 440,000 hl of beer.3 million hl..
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