Brau Union: production facilities relocated

Edwin Botterman, chairman of Brau Union Romania, the current leader of the beer market, said that the court had annulled the petition filed by Haber Hateg against Brau Union’s board of directors. The Hateg-based company, which owns 2.46% of Brau Union’s shares, had previously announced that it was to sue Brau Union in order to recover damages worth 700,000 RON (195,000 euros), caused by the closure of the Grivita beer factory in Bucharest. “The Grivita beer factory has not been closed down, production has been relocated for efficiency reasons. A decision by the General Meeting of Shareholders is not needed in order for this to happen. On Monday, the court annulled the petition submitted by Haber SA,” said Edwin Botterman. Brau Union, which owns 26.77% of Haber shares, shut down the Grivita factory in November last year. Haber claims the closure factory should have been decided in a general meeting of shareholders, and should have been done with its approval. Haber intends to sell its stake in Brau Union Romania, which will be submitted for approval at the general meeting of shareholders called for October 13.