Radeberger Gruppe AG, the third largest brewer in Germany after Holsten and Interbrew, is planning to expand, Ulrich Kallmeyer, the company's chief executive, reported in a statement. However, Kallmeyer did not give any details on speculation that the company was planning to invest Ђ1.0 billion in the acquisition of smaller regional brewers.
Radeberger increased its stake in the German brewer, Allgaeuer, from 57.3% to 89.4% at the beginning of this year. Radeberger, is part of the privately-owned group, Dr Oetker, which now declares beer production as its core business activity.
01 April, 2003
