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Carlsberg Increases Stake in Belarus Brewery

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Carlsberg Increases Stake in Belarus Brewery

Carlsberg Increases Stake in Belarus Brewery
January 17
12:38 2011
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Baltic Beverages Holding, Carlsberg Group’s brewing business in Russia, Ukraine and the Baltic countries, has, through a series of transactions, increased its ownership in Belarus-based OJSC Olivaria Brewery to 67.8%. Earlier in the summer of 2010, BBH increased its holdings in Olivaria from 30% to 47%.

Olivaria is now a full member of the Carlsberg Group and can obtain further access to the international expertise within sales and marketing as well as brewing technologies.

OJSC Olivaria Brewery produces 15 sorts of beer under brands such as Alivaria, Brovar and Data 1864. The brewery was founded in 1864 and currently employs 475 people. Olivaria Brewery is ranked third in the Belarus beer market. The second major shareholder of OJSC Olivaria Brewery is European Bank of Reconstruction and Development. The remaining shares are owned by individuals.

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