Efes concludes agreement about buying shares of "Krasny Vostok" for $364 million
The owner of "Brewing Association "Krasny Vostok - Solodovpivo", OJSC Airat Khairullin and President of Efes Beverage Group Ahmet Boyacolu has concluded the sale-and-purchase agreement concerning 92,34% of shares of the OJSC to the amount of $364 million, informs the officials of the Association.

The owner of "Brewing Association "Krasny Vostok - Solodovpivo", OJSC Airat Khairullin and President of Efes Beverage Group Ahmet Boyacolu has concluded the sale-and-purchase agreement concerning 92,34% of shares of the OJSC to the amount of $364 million, informs the officials of the Association.
For this transaction financing Efes Breweries International and Anadolu Efes have attracted a bridge-credit of Citibank and HSBC to the amount of $500 million. The company is scheduling to refinance the credit in the current year, using for it various financial instruments.
"Krasny Vostok`s" production capacities constitute 100 million decaliters of beer a year. the company owns 2 breweries in Kazan and Novosibirsk, and 3 malting plants in Kazan with production capacities of 93 thousand tons a year.
Turkish company estimates the share of "Krasny Vostok" on Russian market at the level of 3%.
At present Efes owns 3 brewing plants in Russia, these are plants in Moscow, Rostov-on-Don and Ufa, and a malting plant in Moscow.