Get out of my SUN
Interbrew and SUN Trade, the controlling shareholders of SUN Interbrew Ltd, a beer and beverage company operating in Russia and the Ukraine,
announced that they have reached an agreement whereby Interbrew will acquire SUN Trade’s voting and economic interests in SUN Interbrew.
The deal amounts to EUR530 million said Interbrew and will be financed by Interbrew issuing new shares.
Upon completion Interbrew will own 75.5 percent of the voting shares and 96.1 percent of the non-voting shares in SUN Interbrew which in total gives it a 91.2 percent economic interest in SUN Interbrew. SUN Trade and its affiliates will hold approx. 3.4 percent of Interbrew’s enlarged issued share capital following the closing of the AmBev transaction. In July, Alfa had bought 10.8x 2003 EBITDA..
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