BBH acquires another brewery in Russia
In January, Baltic Beverages Holding AB (BBH) has signed an agreement with the principal shareholders in Voronezh Brewery to acquire 70% of the shares through a directed issue. With this acquisition, BBH’s beer market share will increase to about 32% and its number of breweries to eight according to a company statement.
Voronezh Brewery is situated in the town of Voronezh in southern Russia, some 500 kilometres south of Moscow. The brewery has an annual capacity of 730,000 hl of beer and it is the leading brewery in the region. The acquisition further strengthens BBH’s position in the principal population centres in Russia and improves the logistic structure.
The acquisition is contingent upon approval of the Russian competition authorities. Orkla owns 40% of Carlsberg Breweries..
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