E-Malt.com News article: 438

December 10, 2002. Baltika Brewery, the leading Russian brewer, has begun trading its shares on MICEX (Moscow Interbank Currency Exchange) in a bid to boost the company's liquidity and capitalization.

The stocks were launched to RTS (Russian Trading System) in September 2001. Since then, the company's capitalization has grown 3.5 fold; it entered the list of Russia's ten most "expensive" companies and joined the number of those with quotations published in the Financial Times.

Baltika Brewery is one of the top and most promising enterprises of North-west Russia. 9-month sales grew 21.5% on year; sales earnings stood at $560.9 million under U.S. GAAP.

The company is 50%-owned by Baltic Beverage Holding (BBH), the joint venture between Carlsberg and Scottish & Newcastle (S&N).


11 December, 2002