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3-2019

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.

Kirin Confirms Tender of Fraser & Neave Stake

--Kirin Holdings to tender entire stake in Fraser & Neave for S$1.9B
--Kirin then aims to buy back F&N's food and beverage ops for S$2.7B
--Kirin shares fall in Friday trading on fears about additional M&A costs

TOKYO--Kirin Holdings Co. (>> Kirin Holdings Company, Limited.) confirmed Friday that it has decided to tender its entire 15% stake in Fraser & Neave Ltd. (F99.SG) to an offer by Overseas Union Enterprise Ltd. (LJ3.SG), which aims to take control of the Singaporean conglomerate.

The Japanese brewer and soft drink maker has decided to tender its stake for 1.9 billion Singapore dollars ($1.6 billion). Kirin then aims to buy back F&N's food and beverage operations for about S$2.7 billion.

It remains to be seen if the plan will be successful, given a pending offer by a Thai billionaire. But investors reacted cooly toward Kirin's additional spending plans for the deal.

Kirin shares were down 2.4% at Y967 midday on the Tokyo Stock Exchange, after falling 4.7% to as low as Y944.

On Thursday, OUE, a unit of Indonesia's Riady family, said it plans to buy shares in F&N for S$9.08 each, trumping a S$8.88 per share offer worth US$7.2 billion by Thai billionaire Charoen Sirivadhanabhakdi.

Kirin said Friday the company "has agreed to accept the offer in respect of its shares in F&N, subject to certain conditions set out in OUE's announcement."

The move is in line with Kirin's main interest in food and beverage operations in Asia.

"We invested in Fraser & Neave because of our main interest in its food and beverage operations," Kirin President Senji Miyake has repeatedly said.

Kirin bought its 15% stake in F&N for about $970 million in 2010 as part of efforts to become a leading food and beverage company in Asia and Oceania. But questions on whether Kirin had any aspirations toward F&N had gone unanswered since earlier this year.

18 Ноя. 2012

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