E15: deadline for potential investors in Staropramen this Monday

27-07-2009

In more business news, financial daily E15 reports that Monday was the deadline for potential investors to voice an interest in Czech brewery Staropramen. Staropramen has been put on the market by Anheuser-Busch InBev alongside the conglomerate’s other central and eastern European ventures to help pay off debts of nearly 45 billion USD. The brewer has said it hopes to receive 2.6 billion USD through the sale of its central and eastern European businesses, while analysts suggest that its enterprises in the region are worth considerably less than that, something closer to 2 billion USD. It has not been revealed just who is interested in the purchase of Staropramen, but there is speculation that private equity funds such as CVC Capital Partners and TPG have put in a bid. Staropramen is the second biggest beer-producer in the Czech Republic.