BELARUS BREWING
June 1st, 2004
Keith NuthallTHE FIRST privatisation of a brewery in Soviet-era relic Belarus has attracted investment from the World Bank's International Finance Corporation (IFC). It is sinking US$3 million in equity funding into countries the Detroit Belarus Brewing Company and lending US$7 million to the CJSC Belarus Brewing Company; both companies are participating in the privatisation of OJSC Dednovo Brewery, in Belarus' Mohilev region. The IFC will join other western investors in supporting a US$31.3 million investment programme to expand, modernise and refurbish the ...
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