Financial Times FT.com

Heineken: Brewer taps into local tastes

By Geoff Smith

Published: November 18 2008 04:16 | Last updated: November 18 2008 04:16

Bobruisk was not always welcoming to foreigners. In 1812, the central Belarusian town’s fortress defied a 12,000-strong detachment of Napoleon’s Grande Armée for four months on his retreat from Moscow.

Things are different now. The town’s Syabar brewery has, since December, been owned by Heineken, the world’s fourth-largest brewer by volume, which bought it from a consortium of Russian-American private equity investors and the International Finance Corporation, the World Bank’s private-sector arm, for an undisclosed price.

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