BBH sells its stake in the Lithuanian brewery Kalnapilis
The Board of Directors of BBH has now decided to sell its 87% interest in the Kalnapilis brewery. Efforts to find a new owner will commence immediately.
The Board of Directors of BBH will consider, at a later stage, to merge the Svyturys brewery, owned by Carlsberg Breweries, with the Utenos Alos brewery, owned by BBH. This merger will need the approval from the minority shareholders and the competition authorities in Lithuania. Assuming the approval is given, Thomas Kucinskas, Managing Director of Svyturys, will be appointed Managing Director of all BBH’s operations in Lithuania.
Kalnapilis became a part of BBH in 1994 and produced 40-million litre beer in 2000.