Steiger to get EBRD money

THE EUROPEAN Bank for Reconstruction and Development (EBRD) is likely to take a 45 per cent share in the Slovak brewery Steiger.

The EBRD is expected to invest several million crowns into the brewery over a two year period and almost double the annual production of beer, currently standing at almost 300, 000 hectolitres.

The entrance of EBRD and its investment activities in Steiger will also boost the interests of strategic investors in the oldest Slovak brewery.

Steiger was on the verge of being bought by a strategic investor three years ago when Dutch firm Heineken showed interest in the company. However, the talks failed and Heineken obtained two other Slovak breweries instead.

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