Baltika Develops Business Abroad By Acquiring Brewery in Azerbaijan
It is the leader in the imported beer segment. The whole range of Baltika and Nevskoye brands is represented in the republic, as well as the licensed brands Carlsberg and Kronenbourg 1664.
16/05/08 A contract has been signed between Baltika Breweries and Brasseries Internationales Holding (Eastern) Ltd (BIH Eastern) for the purchase of Baku-Castel brewery in Azerbaijan. The deal will come into force after receiving approval from the anti-monopoly authorities of Azerbaijan.
Baltika has been shipping its products to Azerbaijan since the year 2000 and today it has a 3.5% share of the local beer market. It is the leader in the imported beer segment. The whole range of Baltika and Nevskoye brands is represented in the republic, as well as the licensed brands Carlsberg and Kronenbourg 1664.
The annual rate of growth of the beer market in Azerbaijan in the coming 3 years is 12-14%.
By having its own production in the Trans-Caucasus region, Baltika will be able to lower its logistics costs and consequently to develop new export routes.
