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Romanian brewery offers stock shares.

Ursus S.A., a brewery in Transylvania, Romania, has been put up for sale by the state in its shot effort at privatization.

Under a public stock offering deal, 51 percent of the brewery stock will go to small investors, including 10 percent to the brewery's 470 employees. The remaining 49 percent will be sold off to bigger investors and foreigners.

Last year, Ursus produced approximately 320,000 barrels of lager, with a net earning $313,000, sources reported. Through the stock offering, brewery officials hope to attract capital for brewery modernization.
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Title Annotation:Ursus S.A.
Publication:Modern Brewery Age
Date:Jun 15, 1992
Words:92
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