InBev gains full ownership of Interbrew Efes Brewery
This transaction gives InBev full control over its operations in Romania, hence more freedom to grasp future opportunities in the Romanian beer market. The Share Sale Agreement is expected to be executed shortly.
29/05/06 InBev has announced the decision to purchase the remaining shares of Interbrew Efes Brewery S.A. (50%) pursuant to the decision of Efes Breweries International N.V. and Anadolu Efes A.S. to exercise their put option.
As a consequence of this transaction, InBev will gain full ownership of Interbrew Efes Brewery S.A. The price expected to be paid by InBev is approximately 20.79 million euro. This transaction gives InBev full control over its operations in Romania, hence more freedom to grasp future opportunities in the Romanian beer market.
The Share Sale Agreement is expected to be executed shortly.
InBev and Efes Breweries International N.V. formed Interbrew Efes Brewery S.A., a 50-50% joint venture, in 2000. InBev has two more, fully owned, breweries in Romania, in Baia Mare and Blaj. In 2005, InBev had a market share of 16.6% in Romania representing approximately 2.5 million hectoliters with successful brands such as Bergenbier and Noroc.
