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Browary Warszawskie gone for a song to Brau Union?

It is rumored the Austrian brewing-concern Brau Union has acquired a 98% stake in domestic-brewery Browary Warszawskie, whose board may have bought shares from its employees, and then sold them at a profit to Brau Union. The total deal is estimated to be about zl. 165 million, which analysts say is cheap. Browary Warszawskie has a 3% market-share and with this purchase, Brau Union would control 8% of the market. Currently, it is the third-largest brewery, after Grupa Zywiec and Kompania Piwowarska. (Rzeczpospolita, Aug. 5-6, page B2) J.K.

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