Romanian Competition Watchdog OKs Bere Azuga Takeover By Ursus

The company also announced that Bere Azuga shareholders elected a new Board of Directors, formed of general manager of Ursus Breweries, Stephan Maria Weber (president), Andrei Haret (member) and Andries de Groen (member).

 

SABMiller announced end-January its local subsidiary Ursus Breweries has acquired a 70.56% stake in Bere Azuga, in a 30.3 million lei (EUR1=RON4.2197) deal.

 

The brewer also announced Wednesday that it plans to delist Bere Azura  shares from Rasdaq market and launch a full takeover offer.

 

Bere Azuga’s former majority shareholder, Valerii Moraru, also owns a 21.35% stake through Rombas Trans International company.

 

SABMiller owns four beer production units in Romania, through Ursus Breweries.