GEORGIAN BEER MAKER TO PRODUCE HEINEKEN UNDER LICENCE IN CAUCASUS
January 1st, 2017
A GEORGIAN beer company is to make Dutch brands Heineken and Amstel under licence for its home market in the Caucasus at a new brewery, built and operated using a syndicated loan arranged by the European Bank for Reconstruction & Development (EBRD). This will raise EUR18.6 million for Global Beer Georgia (GBG), which is owned by one of Georgia’s largest wine companies, JSC Teliani Valley. The brewery, which will also make Czech beer brand Krušovice and locally developed Georgian beers, will be located in Tsilkani, north of the capital Tbilisi. The EBRD ...
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