Baltika Purchases Brewery in Azerbaijan

Baltika Breweries has signed a contract with Brasseries Internationales Holding for the purchase of Baku-Castel brewery. The deal will come into force after receiving approval from the anti-monopoly authorities of Azerbaijan.

The Baku brewery will be the first Baltika-owned production facility outside the Russian federation and the 12th brewery of the company.

After completion of the deal, Baltika stated that it will continue the development of the Baku-Castel brands and will develop a program for modernizing the existing equipment. The company plans to start producing its own brands there in time for the 2009 season.

Anton Artemiev, president of Baltika Breweries, said: “We were led to the decision to make this purchase by an optimistic estimate of the prospects for developing the market in Azerbaijan, by the favorable investment climate and the strong position of the Baku brewery and its brands on the market.”