Bass reiterates its commitment to Czech brewery

Article Abstract:

Bass International PLC has recently raised its interest in Prazske Pivovary AS to stress its commitment to the Czech beer market. Bass's stake in Prazske Pivovary, the No. 3 brewing company in the Czech Republic in terms of production, now stands at 66.7% from 55%. The UK-based company's Czech brewery reported a loss of 345.2 million koruna, or $11.9 million, in the first three quarters of 1998, three times higher than the 115-million-koruna posted by the brewery in the same year-ago period. But Bass remains positive that its Czech brewery will be able to overcome a domestic recession, price war and debt and return to profitability.

Comment:

Recently raises interest in Prazske Pivovary AS to stress its commitment to the Czech beer market

Beer & Other Malt Beverages, Breweries, Czech Republic, Parent-to-subsidiary activities, Malt beverages, Article, Prazske Pivovary AS, Bass International PLC

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Linde bids for AGA of Sweden

Article Abstract:

Linde AG announced that it is planning to acquire AGA AB with a bid of 30.9 billion Swedish kronor (3.52 billion euros). The proposed acquisition would form the second-largest industrial gas group in Europe. Linde, an engineering group based in Germany, will see its presence strengthened in AGA markets as a result of the deal. Swedish-based AGA will also see its presence in Linde's markets strengthened from the deal. The combined entity would have up to 18,700 workers in 45 countries.

Acquisitions & mergers, Foreign operations, Germany, Sweden, Chemicals & Allied Products, Chemical Manufacturing, Industrial Nonbldg Constructn, Industrial Nonbuilding Structure Construction, Construction industry, Heavy construction, Mergers, acquisitions and divestments, Chemicals, Abstract, Industrial construction, Chemical industry, Linde AG, AGA AB

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