Kalnapilis is sold to Bryggerigruppen
Baltic Beverages Holding (BBH) plans to sell its 87% share of the Lithuanian brewery Kalnapilis to the Danish group Bryggerigruppen at a price of LTL 135.1 million (€37 million). The sale is in compliance with an Lithuanian competition authorities’ ruling which demanded that prior to the establishing of Carlsberg Breweries one of the three breweries owned by BBH and Carlsberg Breweries was sold. The sale is subject to approval by the authorities.
After the sale of Kalnapilis, the brewer Alus Svyturys, owned by Carlsberg Breweries, will be merged with Utenos Alus, owned by BBH. The Lithuanian competition authorities must also approve of this merger, which is expected to come in effect early next year. The new company will be named AB Svyturio-Utenos Alus. Tomas Kucinskas will be CEO..
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