Swedish-Lithuanian consortium buys BIP
The Privatization Agency has signed a contract for the sale of the Belgrade Beer Industry (BIP) brewery.
Wednesday, 25.07.2007.
12:44
Swedish-Lithuanian consortium buys BIP
According to a statement from the agency, the consortium outbid Slovenian brewery Laško, who offered EUR 11.8mn, and is obligated to pay EUR 21.4mn for the majority shares, and invest a further EUR 1.5mn in the modernization of the production facility.The consortium paid EUR 4.50 per share.
The shares of BIP are selling on the Belgrade Stock Exchange (BSE) for EUR 4.13 and the market value of the company is about EUR 37mn.
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