Oresa Ventures-publ. Sells Its Stake in Brewery Holdings of Romania to Austria's BBAG.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--Aug. 22, 2000 Oresa Ventures S.A. is pleased to announce the sale of its stake in the Romanian brewery A brewery can be a building or place that produces beer, or a business (brewing company) whose trade is the production and sale of beer. Breweries can take up multiple city blocks, or be a collection of equipment in a homebrewer's kitchen. group, held indirectly through Brewery Holding Limited, to BBAG BBAG Barents Business Advisory Group BBAG Baden Badener Auktionsgesellschaft eV of Austria. The sale is done together with fellow shareholders Advent International Advent International - a long-established and leading global private equity investor Background Advent was founded in 1984 by Peter Brooke and Clint Harris to focus on international private equity investing. and Jupiter Asset Management. The deal remains subject to approval from the Romanian Competition Council. Brewery Holdings is today the leading brewery group in Romania with sales of app. 2.4m hectolitres this year and a market share of 19%. It originally consisted of a brewery in Miercurea Ciuc with 400,000 litres equivalent to a 4% market share. In 1998 two other breweries See for an up to date listing of all the breweries detailed on Wikipedia, sorted into regions. Africa
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BBAG is the market leader in Austria and no. 2 in Romania with four other breweries under control. Oresa Ventures' Investment Manager Erik Hallgren said: "The sale represents a very successful exit for Oresa Ventures providing us with a significant return. The strong performance of Brewery Holdings is largely due to a focused strategy and a very strong and experienced management team blending the best of Western brewery expertise with Romanian know- how. The success of Brewery Holdings is an example of how venture capitalist Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. backed companies can compete against large multinationals." ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. : http://www.bit.se/bitonline/2000/08/22/20000822BIT01290/bit0001.doc http://www.bit.se/bitonline/2000/08/22/20000822BIT01290/bit0002.pdf |
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