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BUSINESS SHORT

SAB Miller consolidates operations in Slovakia

A NEW company called Pivovary Topvar will launch operations on the Slovak beer market next year as a result of the merger between the Šariš and Topvar breweries owned by South African brewery group SAB Miller.

"When choosing the name for the company, we followed the practice of SAB Miller's European breweries, which connected the word Pivovary (Breweries) with a famous local brand," said company director Imrich Havriš.

The merger is scheduled to be completed on January 1, 2007, when Pivovar Sariš becomes a successor company to the Topvar brewery. Topvar will be erased from the corporate register as of this day.

On the same day Pivovary Sariš will be renamed Pivovary Topvar.

Pivovary Topvar will include two separate production units: the current breweries in Topoľčany and in Veľký Šariš. The company will have its headquarters in Topoľčany, but the company management will be located in Bratislava.

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