Heineken to buy Belarus brewing firm Syabar

Dutch brewing firm said Friday that it will acquire the Cypriot holding company of the Syabar Brewing Company based in Bobruysk, Belarus. Heineken will acquire Syabar's parent company from a consortium led by Detroit Investments (Cyprus) and from the International Finance Corporation, an affiliate of the World Bank. The price was not disclosed. The transaction will be earnings enhancing in 2008 and value enhancing in 2012, Heineken said.

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