The trend of complication of Russian beer market is going on and in several directions at the same time. The range has got wider, the import and small segments are growing, namely craft beer, alcohol-free beer and special flavor beer. At the same time, all ex-mega brands and light lagers by Russian brewers are experiencing a decline of their shares. AB InBev Efes, Heineken, MBC and Pivzavod Trekhsosenskiy have exceeded the market, Carlsberg was developing slower than the market and Ochakovo as well as some other mid-sized breweries have been cutting down their volumes. To a big extent brewers’ performance was connected to their ability to reach agreement with networks, sacrifice their margin and enter new markets. Craft brewers are facing a serious danger of producers’ registration introduction – de facto licensing. ...
The global outlooks of the legal market of cannabis are excellent. It is possible to simultaneously imagine dry law repeal and craft brewing boom but not in one but in several consumer categories. For alcohol is contained in liquids and cannabis derivatives can be in three physical forms.The value of legal market of cannabis and its products can reach 10% of the world beer market in five years, and in 2030-2040 even reach the same scope provided the current rates of legalization and development of market infrastructure remain at the same level. Cannabinoids are actively integrating into the food industry from chewing gum to beverages deforming the pharmaceutical and alcohol markets, they influence the trends of healthy lifestyle and beauty. ...
Beer market of Kazakhstan acquired both traits of East European countries and South Eastern Asia taking a transitional position between them by many criteria and consumption style. Yet there is a positive trend in beer production which differs Kazakhstan from most of the neighboring countries. The market has remained consolidated in the hands of two international players because of its small size. However, it faces dynamic processes such as fast growth of draft beer sales, up and downs of regional companies and Carlsberg Group’s ultimate expansion. Excessive mainstream segment has declined over the recent years, yet, Zhigulevskoe and national brands with regional links have yielded their positions to a range of new products. In our review special attention was paid to regional analysis of the markets. In 14 regions of Kazakhstan we compared the companies’ positions, the market price segmentation and DIOT channel development. Besides we have compared the beer market of Kazakhstan to neighboring countries. ...
Russia. Baltika Breweries Announces Share Buyback
- category (type) of shares to be bought back: ordinary and preference type "A" registered shares having a nominal value of 1 RUB each.
- number of shares to be bought back: up to 7,585,730 ordinary registered shares and up to 616,329 preference type "A" registered shares.
- buyback price for each share: 1,407 RUB for one ordinary share and 1,286 RUB for one preference type "A" share.
- form and term of payment: the shares shall be paid in cash, in roubles, within 7 business days from the date the shares are credited to the Company account in the Company’s register of shareholders.
- share buyback period: from 1 June 2011 to 22 July 2011 (inclusive). Applications to participate in the share buyback must be submitted from1 June 2011 to 20 June 2011 (inclusive).
As a result, the buyback amount shall correspond to up to 5% of Baltika’s share capital. A maximum of RUB 11.5bn will be used for the buyback.
The combination of interim dividends and share buybacks is a common international practice and well-regarded among international investors. The Board of Directors believes that this combination of an interim dividend and a buyback at a premium is in the interests of Baltika shareholders.
The low liquidity of Baltika shares has made it difficult for shareholders to exit their investment in the company. The buyback will give shareholders an opportunity to exit their investments in a cost-effective way and will allow shareholders, in particular, sell their shares at a premium to the market price, without transaction costs, broker fees, exchange services or commissions, and other costs, related to market share sales. The sales of shares directly to the company allows potential risks, connected with sales of shares to third parties, to be minimized.
In accordance with legislation, the shares bought during the buyback should be sold at market price or cancelled with a corresponding decrease of the share capital of the company within12 months after the buyback.
The Company’s issued share capital consists of 151,714,594 ordinary shares and 12,326,570 type "A" preference shares. The nominal value of each ordinary and preference share is RUB 1. The Company’s issued share capital totals RUB 164,041,164.
For the last several years the Company’s shares (ordinary and preference) have been traded on stock exchanges and over-the-counter markets. The shares are traded on two Russian trade stock exchanges: the RTS Exchange (since 2001) and Moscow Inter-Bank Currency Exchange (since 2003). At present the Company’s shares in circulation on the stock exchanges are included in the section of the List of ‘Securities allowed to circulate but not included in the quotation lists.’
29 Апр. 2011