Azerbaijan, Baku, May 16 / Trend , N.Ismaylova /
Official opening of Baltic Beverage Plant in Azerbaijan will take place on May 20, said at the meeting of Azerbaijan-Russian Chamber of Business Cooperation.
The deal between Braesseries Internationales Holding Eastern Ltd and Baltic Beverage Plant on acquisition of Baku Castel beverage plant (Khirdalan Beer Plant) in Azerbaijan was completed in September 2008. The shares of Azerbaijani beer plant were acquired for $9.5mln. Baltic Beverage Plant intends to invest $20mln in the re-equipping of Baku Castel in Azerbaijan 2009.
Baku Castel Plant was opened in 2000. Then, its capacity was 6mln decaliters of beer per year, with the possibility of its increase up to 10mln.
Baltic Beverage Plant unites 11 breweries in nine regions of Russia. Basic owner of the company (85.6% of authorized capital) is Baltic Beverages Holding (BBH).
The correspondent can be contacted at: [email protected]
...