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Brewery attracts investor

Aug 12, 1999

VILNIUS (BNS) - The Kaunas-based brewery Ragutis has a chance to regain lost market share with the arrival of a strategic investment partner, claim experts.Ragutis and the third largest Finnish brewery, Olvi signed an agreement, according to which Olvi will acquire a 49.9 percent stake in the fifth-largest Lithu-anian brewery.Olvi plans to buy the $6 million share package from the Czech brewery Plzensky Prazdroj, which currently controls 51 percent of shares in Ragutis. The shares will be signed ...

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