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Russia: Positions of Brewing Companies

The review contains an analysis of interim performance of brewers in the first half of 2019. There are rather dynamic changes behind a modest industry growth. Baltika is again experiencing a stage of volumes and market share slid due to competition with AB InBev Efes. Because of the price competition and presence expansion in the modern trade company #2. has come close to the leading position. At the same time sales of Heineken Russia have continued growing which makes the premium part of the portfolio heavier. The market premiumization trend had been also confirmed by import brands. MBC and Zavod Trekhsosenskiy have been the most successful among federal market players. The market share of independent regional brewers and Ochakovo have continued falling as they are being squeezed out by the market leaders at their competitive fields.

Ukrainian beer market 2019: companies and brands

In 2019 beer production and market have been still fluctuating about zero point. However, the past season was successful for brewers judging by the sales profitability. The price mix has improved due to rapid general market premiumization, as well as its particular aspect, the growth of import beer sales. By the season end AB InBev Efes improved its positions considerably. It turned out that consumers had not forgot Efes brands that had to leave the market, but started to recover rapidly. Against the stagnating market that meant sales decline of other companies, in the first place Carlsberg Group that most of all beneficiated from Efes exiting the market. PPB turned out to be stable to branding activity of its competitor and Obolon kept the same volumes and at the moment it is the absolute leader of the economy segment. The share growth of independent producers took place thanks to leading craft breweries, that so far do not have a big market weight, but they are rapidly gaining it.

Brewing industry in Kazakhstan 2019

During the first half of 2019, the majority of Kazakh brewers made their contribution into positive dynamics. Yet it was companies of the lower division, not the two transnational leaders that raised their production and sales. The shares of draft beer and aluminum can which is rapidly squeezing glass bottle out of the market, have been growing. The price segmentation has remained stable despite the substantial rise of retail prices and fluctuations of brand market shares, while the borders between segments have become blurred. The main events in the industry have been: the announced revision of the beer excise policy, launch of BeerKhan brand in the strong beer segment, and most important – purchasing assets of Shymkentbeer by Arasan.

EABL gets nod to sell stake in SABMiller’s unit

* Kenyan brewer to earn $71.49 mln
* Move will seal formal exit from TBL
* Placement set at $1.212 per share

Tanzania's stock market regulator has approved the sale of East African Breweries Ltd's 20 percent stake in SABMiller's Tanzanian unit for 121.5 billion shillings ($71.5 million), brokers said on Tuesday.

Subscriptions to the placement of 58,985,693 shares in Tanzania Breweries Limited run from Oct. 24 to Nov. 11, said Orbit Securities, sponsoring broker for the share sale.

"The Capital Markets and Securities Authority (CMSA) approved the prospectus yesterday and the share sale will start on Monday next week," Orbit Chief Executive Laurean Malauri told Reuters.

"EABL is selling its 20 percent stake in TBL for 121.5 billion shillings ... this is a placement of shares, a few shares of TBL are already listed on the Dar es Salaam Stock Exchange (DSE)."

Controlled by Britain's Diageo , EABL has set a price of 2,060 shillings per share, in what is expected to become the biggest share sale in the tiny Tanzanian bourse's history.

EABL ended a manufacturing and distribution agreement with TBL last year to buy a bigger stake in Tanzanian-based Serengeti Breweries instead and thereby boost its presence in East Africa's second-largest economy.

Serengeti, the second-biggest beer maker in Tanzania after TBL, is owned by a group of private investors.

"EABL is not raising capital or anything in the sale of the shares, it is simply exiting from TBL," said Malauri.

SABMiller and EABL have been in fierce competition for the lucrative Tanzanian beer market where sustained economic and population growth are driving the country's thirst for the alcoholic beverage.

Brokers said TBL's shares recorded a sharp price rise last week from 1,920 shillings to 2,040 shillings, as investors eye the placement of the additional shares.

"TBL's share price increase may have been driven by investors who want to take advantage of the coming mini IPO whereby the shares will be sold at a premium of up to 15 percent of the market price," Tanzania Securities Limited (TSL), a securities brokerage and investment advisory company, said in a weekly commentary sent to Reuters.

Another major player in the DSE, Tanzania's Precision Air, launched its IPO this month in a bid to raise around $17 million for fleet and route expansion.

19 Окт. 2011



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