Slowly but surely
In March Carlsberg Breweries increased its shareholding in Carlsberg Okocim through the acquisition of 3.5 percent of the share capital from the German brewer Bitburger. The shares cost DKK 28 million. Only in December had Carls-berg bought 9.9 percent of the shares from Bitburger at a price of DKK 86 million. Both acquisitions take Carlsberg’s stake in Okocim up to 75 percent according to company statements. These sales plus the transaction between Germany’s Radeberger group and SABMiller (we reported) in which Radeberger’s 98.8 percent equity interest in Browar Dojlidy passed into SABMiller’s hands for EUR35 million, mark the exit of German brewers from the Polish market. In 2002 Okocim’s four breweries sold 3.5 million hl of beer. Operating profit reached 7..
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