Beer market of Russia 2018
- General market picture
- Foreign trade setting records
- Demography as challenge to branding
- Aged consumer
- Declining of youth brands
- Nostalgia on trend
- DIOT feels at home
- 5.0 Original is the new face of import
- Positions of Market Leaders
- Carlsberg Group
- AB InBev Efes
- AB InBev
Ukrainian beer market 2018
- Better than yesterday
- Performance by value
- Positions of Ukrainian brewers
The beer market dynamics in Russia is approaching zero, yet major brewers are divided into those who developed considerably in 2017 and those who considerably reduced their volumes. For instance, company Efes has managed to substantially extend their sales due to restrained pricing policy and activity in the modern trade. Heineken has also demonstrated an excellent performance promoted by significant increase of advertisement budgets launching a non-alcohol sort of the title brand and unusual activity in the economy market segment. Carlsberg and AB InBev have been focusing on margins and lost a market share of their inexpensive brands. Serious dependence on PET package and mass enthusiasm about Zhigulevskoe have negatively impacted the most of big regional brewers, that have been for the first time pressed by the leaders in the key sales channels, especially in Volga and Central regions. In the small business there has been a noticeable slowdown in appearing of new restaurant breweries, yet the number of craft breweries has been growing rapidly. In 2018, the beer market is likely to grow a little, while the share of AB InBev Efes may decrease due to the integration. ...
“Catalogue of Russian Beer Producers 2018” includes 1070 businesses ranging from large subsidiaries of international companies to rather small restaurant and craft microbreweries.The catalogue includes 32 large breweries, 75 regional breweries, 693 industrial mini- and microbreweries as well as 270 restaurant breweries. ...
SABMiller’s Fosters bid loan totals $12.5 billion
The dollar-denominated loan is priced at around 90 basis points (bps) over LIBOR, the sources said, well under European banks' dollar funding rates which spiked this week.
The loan includes an 18-month bridge loan to bond issues of around $8.5 billion and also includes three and five-year term and revolving facilities, one of the bankers said.
SABMiller is arranging the loan itself and has asked banks to commit $1.6 billion each.
SABMiller is pushing to close its jumbo loan as Europe's dollar funding crisis deepens.
SABMiller is expected to raise the full amount of the loan from banks with easy access to dollar funding -- either U.S. banks with dollar retail deposits or Japanese banks with lower funding costs.
The decision to join the loan is a painful one for many of Europe's top arranging banks, which are paying nearly twice as much for dollars as the loan's interest margin.
The marginal cost of dollar funding is more than 200 bps, using Credit Default Swaps as a proxy, a senior loan banker said.
"Dollar funding costs are worse now than when this loan was discussed. In the last 10 days, everyone has seen the cost of funding dollars on a marginal basis ramp up," he added.
While banks will net significant ancillary business from the company's planned bond issues, European banks will lose money on the loan component.
"Banks will have to swallow the implied cost of funds to get the ancillary business," the senior loan banker said.
The loan may be syndicated further at a later stage to reduce banks' exposure and risk.
The loan's pricing varies across the different maturities of the tranches. Pricing on the bridge loan steps up over time to encourage an early refinancing in the bond market.
The $12.5 billion loan is expected to be signed on Friday, the sources said.
19 Авг. 2011