Interbrew buys Spaten
Two days before the start of the Munich Oktoberfest Interbrew announced a strategic partnership with Gabriel Sedlmayr Spaten-Franziskaner Bräu KGaA ("Spaten") in Munich, which will combine Spaten’s beer business with Interbrew Deutschland. Don’t be fooled by the terminology, but the complex deal is nothing but a three-step take-over of the southern German brewing group. The combination will create the largest brewery group in Germany with 15.6 million hl production volumes and an 11% share of the German beer market. The transaction is subject to shareholders’ and regulatory authorities’ approval and is expected to close in the second half of 2004. Munich brewers remember only too well the headlines in the local press after Heineken had signed a joint venture with Paulaner.6x..
Select offer and read on
6 print issues