ProBrewer.com

An Online Resource Serving The Beer Industry

  • News & Articles
    • Featured – Brewing Education
    • Beverage Industry News
    • Front of House
    • Operations
    • Packaging
    • Production
    • Real Estate
    • Sponsored
  • Events
    • All Events
    • Essential Virtual Resources for the Brewing Industry
    • Virtual Brewing Conference Guide
  • Classified Ads
    • Latest Ads
    • Ads By Category
    • Help Wanted / For Hire
    • Search Ads
    • Post Classified Ad
    • Post Catalog Ad
    • About Classified Ads
  • Jobs
  • Discussion
  • Tools
    • IBU Calculator
    • Beer Specifications
    • Water Chemistry
  • Advertise
    • Advertise & Sponsorship on ProBrewer
    • ProBrewer Advertisers
  • Allied Trade Directory
    • Search Allied Trade Directory
    • Your Companies
    • Submit New Allied Trade Company
  • Login / Register
    • ProBrewer Login
    • Register
    • Password Reset
» Beverage Industry News » Budvar Not for Sale

Budvar Not for Sale

Beverage Industry News» Beverage Industry Newsposted Sep 8th, 2003 12:00:00AM by Pat Hagerman

Czech brewery Budejovicky Budvar, which continues to battle U.S. giant Anheuser-Busch for the rights to use the name Budweiser in countries around the world, will remain in state hands until at least 2006, Czech media reported Monday.

Finance Minister Bohuslav Sobotka, in charge of the central European country’s privatization program, was quoted as saying the sale of the fully state-owned brewer was out of the question during this cabinet’s term, which expires in June 2006.

In June, Sobotka hinted the sale of profitable Budvar might be possible as part of the government’s campaign to raise money for badly-needed infrastructure investment.

“So far, (our) analyses do not speak in favor of Budvar’s privatization in the nearest future,” Czech Radio quoted Sobotka as saying.

Budvar’s value is estimated at around about $110 million but the rights to the Budweiser brand, which the Czech brewer can exclusively use in many countries, is thought to be worth 10 times that amount. In most countries, only one brewery or the other is allowed to use the name Budweiser. In the United States, for instance, Budvar is sold as Czechvar.

Reports indicate that Anheuser-Busch would try to buy Budvar to end the ongoing litigation with its Czech rival over who can sell beer as Budweiser.

Share this:

  • Facebook
  • LinkedIn
  • Reddit
  • Twitter
  • Pocket
  • Email
Pat Hagerman

Posted by Pat Hagerman

Pat Hagerman is co-founder of ProBrewer.com. When he's not leading operations for ProBrewer you can find Pat working on Internet of Things (IoT) infrastructure and systems. If you're having a beer with him ask about some of the more original skills he's taught Alexa.

Search

Subscribe to ProBrewer Daily

ProBrewer Subscriptions

View previous newsletters.

Connect With @ProBrewerPage

 Instagram    Facebook    Twitter

 

 

 

Join the ProBrewer mailing list

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Privacy Policy and Cookie Policy

Connect With @ProBrewerPage

 Instagram    Facebook    Twitter

Go Somewhere Else

News • Classifieds • Help Wanted / For Hire • Discussion • Library • Contact • Advertise • Contact Details • Help

Copyright © 2021 · RealBeer Media · Privacy Policy · Terms and Conditions

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.