Thursday, 30 July 2009

Bulgaria's Kamenitza Beer Has A Bid - But Only One

Bulgaria in my opinion has the second best beer in the world bar Belgium. It is no wonder with Belgium management in place here in Bulgaria. Regardless of whoever takes over the Kamenitza brewery, the quality should remain the same with the process instilled. It remains to be seen whether other bids come in with both the beer and the recession in flow right now this hot summer.

Bulgaria's Kamenitza Beer Has A Bid - But Only One
Anheuser-Busch InBev, the world's largest brewer, which owns two units in Bulgaria, has received only one bid for its central and eastern European operations from CVC Capital Partners, a London-based private equity group, according to reports.
Kohlberg Kravis Roberts and TPG, the US private equity groups, had expressed interest in the assets, which include 11 breweries in seven countries, including Bulgaria.
But only CVC submitted a bid, worth about EUR 1 B - EUR 1.5 B by this week's deadline, the Financial Times reported.
Bulgaria is one of seven countries in Eastern and Central Europe, where the world's largest brewer Anheuser-Busch InBev (ABI.BR) is considering divesting its operations.
Eleven breweries producing a total of 15 million hectoliters of beer a year in Bulgaria, Romania, Hungary, Croatia, Czech Republic, Serbia and Montenegro, are part of what has been called a "packaged" deal to be sold as a whole.

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