E-Malt.com News article: 421

Yesterday, November 26th, Interbrew announced that it had reached an agreement with the City of Hanover, about its current offer to the shareholders of Brauergilde Hanover AG. According to the agreement the City of Hanover is supporting Interbrew’s offer. “As of today, well in excess of 50% of the shares have been tendered, excluding the City of Hanover's stake of 10%,” Interbrew reported.

"Subject to clearance of the competition authorities, this clears the way for a successful completion of the Gilde acquisition, which will be an important milestone in Interbrew´s development strategy in Germany" said Hugo Powell, CEO of Interbrew.

"Both the City of Hanover and Interbrew are convinced that today's agreement guarantees the continuity of the longstanding tradition of Brauergilde and Gilde Brauerei." said Herbert Schmalstieg, Mayor of Hanover.


27 November, 2002