Bass faces Czech brewing battle
Saturday 04 October 1997
Bass bought its first Czech brewer four years ago and is now trying to take control of Radegast, the second biggest brewer in the country. Bass has built up a 33.4 per cent stake in the company, but yesterday a Czech bank sold its stake to a financial company controlled by Nomura.
Investioni a Postroni Banka (IPB) and its partner Pruni Investioni have sold their combined 15.5 per cent stake in Radegast to IMP Finance, which is controlled by Nomura.
It emerged a month ago that IMP Finance wants to merge Radegast with the largest brewery in the country, Plzenske Brazdroj. Bass has not been informed of the deal. Combined market share of the merged company would total 41 per cent. Bass last week filed a lawsuit against IPB over alleged breaches of nine areas of the Czech commercial code.
- 2 Rarest Beanie Baby of them all could be sold for £62,500 on eBay
- 3 Professional big game hunter Ian Gibson crushed to death by elephant during hunt
- 4 Farmer told to tear down mock-Tudor castle after hiding construction behind hay bales
Migrants crossing the Mediterranean: Pope Francis joins calls for EU action on boat refugees
Yemen crisis: Meet the child soldiers who have forsaken books for Kalashnikovs
Alan Rickman admits editing 'terrible' script with friends in Pizza Hut behind backs of writers on Robin Hood: Prince of Thieves
Rarest Beanie Baby of them all could be sold for £62,500 on eBay
Isis in Afghanistan: Group claims responsibility for Jalalabad suicide bombing that killed 35
The only black face in the Ukip manifesto is on the page about overseas aid
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
Ukip is the only main political party to not address LGBT rights in its manifesto
Food banks: One million Britons will soon be using them, according to Trussell Trust
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
iJobs Money & Business
£20000 - £25000 per annum + OTE £45,000: SThree: SThree Group have been well e...
£50000 - £667000 per annum + excellent benefits : Ashdown Group: IT Manager / ...
£13000 - £20000 per annum: Recruitment Genius: Scotland's leading life insuran...
£40000 - £45000 per annum + benefits : Ashdown Group: Training Programme Manag...