OREANDA-NEWS. January 18, 2011. Baltic Beverages Holding Aktiebolag (Carlsberg Group) has increased its shareholding in OJSC Olivaria Brewery to 67.8% as a result of share buyout, the Belarusian Currency and Stock Exchange said in a statement.

The buyer acquired 15,650 shares worth USD 11,492,821 at USD 633-USD 761.12 per share. The investor now controls 82,975 shares in the brewery.

BBH had announced OJSC Olivaria Brewery share buyout bid in the period October 15 through November 30.

The company had planned to acquire 64,874 ordinary shares, or about 53%, out of the overall stock of 122,371 shares, at USD 633 per share with par value of 376,590 Belarusian rubles (Br).

Bank VTB (Belarus) was authorized to act as a commercial agent to sell the shares.

Olivaria was founded in 1864 and transformed into a joint stock company in 1994.

Baltic Beverages Holding is a brewing company owned by Carlsberg Group.