Browary Polskie Brok Strzelec becomes fifth largest national brewer

Shareholders of the Strzelec brewery have agreed to acquire Koszalin-based brewer Brok. The merger will be completed by November 1. The president of Strzelec, Adam Brodowski, told Reuters that a new share issue to support the creation of the group would soon be launched. At Saturday's meeting Strzelec 's shareholders changed the company name to Browary Polskie Brok Strzelec. The group will be the fifth largest national brewer, but with a modest market share of only around 4%. This year, Strzelec hopes it will sell 300,000 hectoliters of beer and another 200,000 from Brok. Part of the investments funds will come from an issue of 10-15 million shares. "We have closed preliminary negotiations with institutional investors, including pension funds," Brodowski said. Yesterday Strzelec shares closed the day at zl. 1.86 each. The takeover will cost over zl. 7.4 million. (Parkiet, p. 5) A.Z.