Carlsberg Group became 100% owner of Baltika Breweries

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On November 28 the procedure of compulsory redemption of shares of Baltika Breweries has been completed after which the Carlsberg Group owns 100% of Baltika Breweries.
The process of purchase of Baltika shares was started on May 31, 2012, when the company received an offer regarding voluntary purchase of registered ordinary shares, that was made by Baltic Beverages Holding Aktiebolag, Carlsberg subsidiary. Proposed price was RUR 1550 per share. As a result of acceptance of voluntary offer by shareholders, the share of Carlsberg in Baltika Breweries capital has increased to 96.88%. After that Carlsberg Group has notified Baltika about the beginning of compulsory redemption of the remaining securities.
Baltika Breweries is one of the largest manufacturers of consumer goods in Russia, and since 1996 it has been №1 in Russian beer market. Baltika owns 10 breweries in Russia, a diversified brands’ portfolio. Baltika is a significant part of the Carlsberg Group, and it’s Eastern Europe region, which also includes Azerbaijan, Belarus, Kazakhstan, Ukraine and Uzbekistan. Baltika Breweries is a leading exporter of Russian beer. Its production is represented in more than 75 countries, accounting for 70 per cent of all Russian beer exports. The Baltika brand is the largest in Europe in terms of sales (Euromonitor).