US brewer moves into east Europe

Molson Coors Brewing is to buy East European brewer StarBev for €2.65bn.

Wed, 04 Apr, 2012 - 01:00
Martinne Geller and David Jones

The US brewer struck the deal with CVC Capital Partners as it seeks a greater presence in developing markets.

Molson Coors outbid rival Asahi Group of Japan, which was unwilling to pay more than €2.25bn for StarBev, according to sources.

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CourtsPlace: east EuropePlace: JapanPlace: USPlace: CanadaPlace: BritainPlace: Czech RepublicPlace: SerbiaPlace: CroatiaPlace: RomaniaPlace: BulgariaPlace: HungaryPlace: MontenegroPlace: Bosnia-HerzegovinaPlace: SlovakiaPerson: Peter SwinburnPerson: Kaumil GajrawalaPerson: Stewart GlendinningOrganisation: Molson Coors BrewingOrganisation: StarBevOrganisation: CVC Capital PartnersOrganisation: Molson CoorsOrganisation: Asahi GroupOrganisation: Coors LightOrganisation: Molson Coors’Organisation: UBSOrganisation: Reuters
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