The total consideration is expected to be between $30-30.5m and will be finalised by the completion of the share transfer. The purchase will be funded by Moscow Efes Brewery’s own cash resources.
Tradex maintained a 6,699% share in Krasny Vostok Brewing Group by the time of Efes Breweries International’s acquisition of KV Group in February 2006, and held a put option for its stake, which is exercisable until February 2010. Following the completion of the purchase, MEB’s stake in KV Group will increase from 92,851% to 99,55%.
Source: Efes Breweries International NV
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