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Europe/Russia
In its report “Global Economic Prospects 2010”, which the World Bank released on 21 January 2010, the authors warn that while the worst of the financial crisis may be over, the global recovery is fragile.
Europe/Russia
After a decline in turnover during the first nine months of 2009, Krones managed to stem the tide of red ink during the fourth quarter when demand from China and Latin America began to pick up again.
Europe/Russia
“KKR is a strong partner with extensive global expertise and will assist Wild in its focused expansion and strengthening of our businesses going forward” said Dr Hans-Peter Wild. “In extending its reach, Wild will target foreign markets relying on KKR to support its financial positions and create new growth potential through its global network and acquisition.”
Europe/Russia
Apparently, unbeknownst to the likes of you and me, the big white elephant of the German brewing industry is hiding in deepest Brandenburg – that’s what modern-day Prussia is called. Pampered by taxpayer’s money and managed by a group of clever private equity investors from Berlin, the brewery has been churning out cheap beer for the German and Polish markets for years. In 2009 its 150 employees produced an estimated 2.1 million hl beer.
Europe/Russia
Heineken said that the outdated technical state of the plant, high investments needed to meet safety and quality standards and the decline in production volume have led to this decision.
Europe/Russia
According to Austrian media reports, Mr Nussmeier predicted that the market would concentrate further especially now that AB-InBev sold its central and eastern European unit to private equity company CVC Capital Partners.
Europe/Russia
Kraft’s takeover of Cadbury has sparked a lot of controversy. Warren Buffett, the US investment guru who owns 9.4 percent of Kraft, publically warned Ms Rosenfeld not to overpay and issue too many new Kraft shares.
Europe/Russia
By all accounts, beer reaches the parts others cannot reach. It can arouse emotions so strong that citizens not known for their flaring temper suddenly decide to take to the streets. This is what happened in Luxembourg.
Europe/Russia
Depending on the market, SABMiller’s lager volumes are up, down or about the same. In Latin America, says SABMiller, lager volumes grew by 4 percent in the quarter.
Europe/Russia
So much for a united Europe. The world’s number one brewer AB-InBev intends to kick out 10 percent of its workforce and the public response is: “Yeah, so what?”
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BRAUWELT on tour
Most Read
BRAUWELT on tour
