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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.

India. Heineken plea for ‘first right’ on United Breweries share sale dismissed

Tribunal says Heineken’s claims can’t be taken up for consideration at this point as the liabilities of the main defendants itself has not been adjudicated

Heineken NV’s attempt to increase its stake in United Breweries Ltd (UBL) fizzled out on Saturday as the Debt Recovery Tribunal (DRT) dismissed the application by Dutch beer maker which had sought ‘first right’ on any sale of seized shares.

Heineken, which has 43% stake in UBL-filed an Interlocutory Application (IA) on 18 June seeking to implead itself in the original application (OA) filed by a consortium of banks seeking led by State Bank of India to recover over Rs.9,000 crore dues from embattled liquor baron Vijay Mallya’s grounded Kingfisher Airlines Ltd (KFA).

In its order on Saturday, the tribunal said that Heineken’s claims for first right of refusal cannot be taken up for consideration at this point as the liabilities of the main defendants including United Breweries Holdings Ltd (UBHL), Mallya and KFA among others itself has not been adjudicated.

Heineken was interested in 20.9 million shares of UBL valued at around Rs.1,500 crore.

More importantly, the shares account for around 7% of the company, according to one person familiar with the developments.

This would essentially taken Heineken’s total to 50% in UBL.

The developments come at a time when there is speculation that Heineken will also seek the removal of Mallya as chairman of UBL.

Heineken acquired a 37.5% stake in UBL in 2008 through its takeover of Scottish & Newcastle and has since increased its holding to 42.4% and periodically increasing its share in one of the fastest growing beer markets globally.

On 24 March, Heineken confirmed that it had acquired 21.15 lakh shares of UBL taking its total shareholding from 42.2% to 43%.

Heineken cannot buy shares of UBL from the market according to an agreement between them and Mallya, said the person cited above on the condition of anonymity.

18 Июл. 2016

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