Oetker, the German food group, intends to buy 4.36% of the German brewer, Radeberger Gruppe AG. Now Oetker owns 95.64% of Radeberger. After the acquisition Oetker will become the full owner of Radeberger Gruppe AG. “The buyout will give Radeberger greater financial freedom as listed companies need to hold shareholders' meetings to ratify decisions,” the brewer's CEO, Ullrich Kallmeyer, said. Radeberger, Germany's third largest brewer, recorded sales of Ђ904m (US$1,015m) in 2002, up 6.5% from 2001.
22 August, 2003
