E-Malt.com News article: 3124

SUN Interbrew Finance pays the 2nd coupon for 1s bonds in the amount of 68.56 rbl per bond and 171.4 mln rbl overall.

OAO SUN Interbrew Finance, 100% sub of SUN Interbrew Limited, paid Aug. 17 the 2nd coupon of 01s bonds worth 2.5 bln rbl overall and 68.56 rbl per bond, the company said. 171.4 mln rbl were paid overall. The bonds were placed on MICEX on Sept. 18, 2003. The term is 3 years. The bonds carry half-yr coupon. The 1, 2 coupon rates equal 13.75% on year, corresponding to 14.26% annual yield to the 11-month offer. The remaining coupons are yet to be set by the issuer.

Interbrew bought out SUN's equity from Russian SUN Interbrew 16.08.2004 16:45 "Agro Perspectiva" (Kyiv) — Belgian brewing company Interbrew has bought out equity of its partner SUN Trade from Russian joint venture SUN Interbrew, reports Interbrew. As to report, Interbrew has agreed to repay SUN Trade's equity with new shares of SUN itself.

Interbrew has estimated this transaction EUR530 million, yet made a supposition that joint expenditures for purchasing of SUN Interbrew's controlling block of shares may reach in time EUR894 million. Upon transaction's accomplishing, SUN group and its affiliated companies will own Interbrew's 3.4% shares. As to press-release, transaction is to be totally finalized till end this year.

SUN Interbrew is Ukrainian first, Russian second large brewery. Owning Ukrainian breweries Rogan (Kharkiv), Desna ( Chernigiv), Yantar (Myckolayiv) and being domestic beer market's major participant, it estimates its market share as 34%.

SUN Interbrew's beer brands include international Stella Artois and Becks, while its most well-sold Ukrainian brand is Chernigivske. As to 2003 results, Ukrainian beer market's capacity is estimated 160 million dl.


21 August, 2004