OREANDA-NEWS. September 17, 2012. Following increased ownership of Baltika Breweries and completion of the necessary administrative steps, the Carlsberg Group has, through its fully-owned subsidiary Baltic Beverages Holding Aktiebolag, notified Baltika Breweries that a compulsory redemption of the remaining outstanding shares in Baltika Breweries will be initiated. The price of equals is RUR 1550 per share.

On September 17, 2012, the Board of Directors of Baltika Breweries will consider the requirement and adopt recommendations on it.

Currently, the Carlsberg Group share in Baltika capital is 96.88 percent. The Group anticipate that the compulsory redemption will be finalised during this year.

Baltika Breweries, OJSC is one of the largest manufacturers of consumer goods in Russia, and since 1996 it has been a leader in Russian beer market. Baltika is part of Carlsberg Group. The Baltika brand is the largest in Europe in terms of sales (Euromonitor). The company owns and runs factories in 10 Russian cities; one brewery in Azerbaijan; and a diversified brands’ portfolio. Baltika Breweries is a leading exporter of Russian beer. Its production is represented in more than 75 countries, accounting for 70 per cent of all Russian beer exports.