Carlsberg Group increases stake in Belarusian brewery

By: Renzo Ruf, BMG

Baltic Beverages Holding AB, which belongs to the Carlsberg Group, has through a series of transactions increased its ownership in OJSC Olivaria Brewery to 67.8% in Belarus.

Olivaria is now a full member of the Group and can obtain further access to the international expertise within sales and marketing as well as brewing technologies, according to a news release. OJSC Olivaria Brewery produces 15 sorts of beer under brands such as "Alivaria", "Brovar" and "Data 1864".

The brewery was founded in 1864. The number of employees is 475. Olivaria Brewery occupies the third place on the beer market of Belarus. The second major shareholder of OJSC Olivaria Brewery is European Bank of Reconstruction and Development. The remaining shares are owned by individuals. (bmg)


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