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 Completed Share Buyback
All shareholders (owners of ordinary and preference shares) could participate in the buyback, regardless of the number of shares they held. The shares have been bought by the Company at a premium to the market price: 1,407 RUB for one ordinary share and 1,286 RUB for one preference type "A" share.
Since the total value of ordinary and preference shares submitted for buyback exceeded the maximum amount of funds earmarked for the share buyback procedure, a share buyback ratio has been established at 0.8701 for ordinary shares and 0.5355 for preference shares.
Total amount of shares bought by the Company amounted 7,319,202 ordinary and 543,241 preference "A" type shares. On 2 August 2011 Baltika completed the buyback payments. The total amount of buyback amounted 10,996,725,140 rubles.
The shares bought during the buyback should be sold at a market price or cancelled with a corresponding decrease of the share capital of the Company within 12 months after the buyback.
It is the current intention of Baltika Breweries within the said 12 months’ period to propose to the General Shareholders’ Meeting that the shares bought back during the share buyback to be cancelled and reduce the Company’s charter capital. This will improve the Company’s capital structure and increase earnings per share which is anticipated to positively impact the investment attractiveness of the Company and consequently benefit all shareholders.
Baltika’s major shareholder, Baltic Beverages Holding AB (subsidiary of Carlsberg Breweries A/S, Denmark) participated in the buy-back. When such cancellation happens and due to the over-subscription for buy-back, Baltic Beverages Holding AB's holding of company's capital will increase insignificantly.
The company’s issued share capital consists of 151,714,594 ordinary shares and 12,326,570 A-type 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 the MICEX Stock Exchange (since 2003). At present the company’s shares in circulation on the stock exchanges are listed in the ‘Listed Securities Not Included in Quotation Lists’ section of the catalogue.
4 Авг. 2011