27 August, 2008
l SAB Miller, the South African-based international brewer, has bought 99.84 per cent of Ukranian brewer CJSC Sarmat from System Capital Management, a holding company, subject to competition law. The price has not been disclosed but the gross asset values are estimated at US$130 million.Sarmet is one of the largest brewers in the Ukraine, operating one brewery in Donetsk with an annual production capacity of
2.9 million hectolitres.
l Fortune Brands has filed a lawsuit in the US to prevent Vin & Sprit (V&S) from transferring its 10 per cent stake in Beam Global to the Swedish government. V&S, producer of Absolut vodka, has to dispose of its stake after being bought by Pernod Ricard for €5.6 billion.
l Heineken is to invest US$9.9 million to acquire a 51 per cent share in Rechitsa brewery. It consolidates Heineken's number two position in the growing Belarus beer sector, giving it a 24 per cent market share.
l Vinexpo Asia Pacific has broken all previous records in terms of visitors and exhibitors, according Vinexpo chief executive Robert Beynat.
The three-day expo forecasts a final visitor figure of over 8,500 - an increase of almost 24 per cent on the previous exhibition in 2006.
l The Famous Grouse has entered into a partnership with the RSPB to help save one of the UK's rarest birds from extinction, the black grouse. It will donate money for conservation work from the sales of its new whisky, The Black Grouse. For every bottle sold a donation of 50p will go to fund conservation work that is urgently required in Scotland, England and Wales.