BELARUS NEWS AND ANALYSIS

DATE:

24/01/2008

Belarus: BBH to maintain Olivaria investment - report

Baltic Beverages Holding is to continue investing in its Belarussian unit, according to local reports.

The company was reported yesterday (23 January) as confirming it will spend around US$6m on Olivaria, the Belarus brewery in which BBH owns a 30% stake.

Saulius Galadaukas, BBH's director of corporate affairs, was cited by local reports this week as saying: "BBH will invest in distribution, marketing and production development and personnel training."

In 2007, BBH pumped $9.7m into Olivaria.

The Belarus brewer became a joint stock company in 1994, with BBH purchasing its stake in late 2006. The European Bank for Reconstruction and Development also holds a 30% stake in Olivaria.

Source:

http://www.just-drinks.com/article.aspx?id=92802