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Business news, 31.08.2001 14:46

Baltika to be sold on the Russian Stock Exchange

Baltica Shares in Russia’s biggest brewery, Baltika, can be obtained on the Russian

Stock Exchange as from September 5th. The admission will hopefully increase

the company’s capitalization, which is currently $520 mln. The company is to

75 percent owned by Baltic Beverages Holding AB, the rest of the shares

belong to different small share holders. Despite the boom in the food

industry during the last three years there are very few companies within

this sector which shares are being rated at the Stock Exchange.

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