Baltika develops Business abroad by acquiring Brewery in Azerbaijan
15 May 2008
Today a contract was signed between Baltika Breweries and Brasseries
Internationales Holding (Eastern) Ltd (BIH Eastern) for the purchase of
Baku-Castel brewery in Azerbaijan. The deal will come into force after receiving
approval from the anti-monopoly authorities of Azerbaijan.
Please find attached a press release issued by Baltika.
Baltika has been shipping its products to Azerbaijan since the year 2000 and
today it has a 3.5% share of the local beer market. It is the leader in the
imported beer segment. The whole range of Baltika and Nevskoye brands is
represented in the republic, as well as the licensed brands Carlsberg and
Kronenbourg 1664.
The annual rate of growth of the beer market in Azerbaijan in the coming 3 years
is 12-14%.
By having its own production in the Trans-Caucasus region, Baltika will be able
to lower its logistics costs and consequently to develop new export routes.
Contacts:
Investors: Mikael Bo Larsen +45 3327 1223
Media Relations: Jens Peter Skaarup +45 3327 1417
Carlsberg is one of the leading brewery groups in the world, with a large
portfolio of beer and soft drinks brands. Its flagship brand - Carlsberg - is
one of the fastest-growing and best-known beer brands in the world. More than
40,000 people work for Carlsberg, and its products are sold in more than 150
markets. In 2007 Carlsberg sold more than 115 million hectolitres of beer, which
is about 95 million bottles of beer a day.
Find out more at www.carlsberggroup.com.
