KIEV, July 25, 2003 - SUN Interbrew Ltd. announces the finalizing of the deal on acquisition of the 41% share of the Yantar Brewery in Nikolaev, Ukraine, from INVESCO Asset Management, one of the world's largest investment management funds. Thus, SUN Interbrew now owns 97.5% shares of the brewery.
According to Joseph W. Strella, Chief Executive Officer of SUN Interbrew, the increase of the company's stake in the brewery evidences that the company's management believes in Ukraine's further stable economic development and evaluates positively prospects for the beer market growth.
For further information Contact:
SUN Interbrew Limited Joseph W. Strella Chief Executive Officer Tel. (095) 960-2360 |
Note to Editors:
SUN Interbrew Limited is the second largest brewer in Russia and the largest brewer in Ukraine. The company is a strategic partnership between Interbrew, one of the largest brewers in the world, and the SUN Group, operating in the region since 1958, and in the beer sector of Russia and the CIS since the beginning of the 1990s.
The company's main brands are Stella Artois, Staropramen, Klinskoye, Sibirskaya Korona, Tolstiak and Volzhanin in Russia, and Stella Artois, Chernigivske, Rogan, Taller and Yantar in Ukraine.
In the 1st quarter of 2003, SUN Interbrew occupied 34.9% of the Ukrainian beer market.
SUN Interbrew is a public company registered in Jersey, whose shares are listed and traded on the Luxembourg, Frankfurt and Berlin exchanges.
The Yantar brewery was built in 1973 to provide beer and soft drinks for the southern region of Ukraine. It has been part of SUN Interbrew Ltd. since 1999. Its major brands are YantarŽ and GetmanŽ, as well as some other SUN Interbrew Ukraine national brands. In 2002, the brewery produced 1.4 million hl of beer.
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