Holsten Brauerei, German brewing giant, saw its share price fall on October 27 according to the local newspapers. The company’s major shareholder Christian Eisenbeiss was struggling to find buyers for his 48% stake in the brewery, The Financial Times Deutschland reported. The news story prompted Holsten’s share price to fall as much as 12.12% to €38.01. Holsten didn’t comment. According to the same source, industry and banking sources said that no potential buyers were interested in buying Eisenbeiss’s shares. It said that a new government law affecting drinks cans had scared off many investors. A 25% deposit on throwaway cans has been imposed affecting Holsten, whose beer is mainly sold in cans. Shares in Holsten have gained 92.45% so far in 2003.

29 October, 2003