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Article: Baltika plans sell license to brew beer in Kazakhstan for EUR 90 mln.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- November 2, 2009
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Baltika plans sell license to brew beer in Kazakhstan for EUR 90 mln
MOSCOW. Nov 2 (Interfax) - Baltika Breweries (RTS: PKBA), one of Russia's leading beer makers, plans to organize production in Kazakhstan and to make EUR 90 million from the sale of its license there, Baltika said in materials for an EGM which will vote on the issue on December 2.
Baltika would sign a deal with Kazakh brewer Derbes, and receive a quarterly royalty of 4.5% of net revenue from the sale of licensed beer.
The contract would expire on December 31, 2029.
Derbes, like Baltika, is a member of the Carlsberg group.
Baltika has been shipping beer to ...