Belarus: Carlsberg increases stake in Olivaria Brewery to 67.8%

Baltic Beverages Holding AB (ВВН), which belongs to the Carlsberg Group, has through a series of transactions - among others a Public Offer – increased its ownership in Belarusian OJSC Olivaria Brewery to 67.8%, the Danish beer giant reported on January, 17.

Earlier in the summer of 2010, BBH increased its holdings in Olivaria from 30% to 47%.

Olivaria is now a full member of the Group and can obtain further access to the international expertise within sales and marketing as well as brewing technologies.

OJSC Olivaria Brewery produces 15 sorts of beer under brands such as “Alivaria”, “Brovar” and “Data 1864”. The brewery was founded in 1864. The number of employees is 475. Olivaria Brewery occupies the third place on the beer market of Belarus.

The second major shareholder of OJSC Olivaria Brewery is European Bank of Reconstruction and Development. The remaining shares are owned by individuals.

19 January, 2011