Advertise with

Anheuser-Busch abandons plans to buy Budvar
Anheuser-Busch abandons plans to buy Budvar

Anheuser-Busch abandons plans to buy Budvar


IOL Business/ Sapa-AP - May 20th, 10:33

Prague - Brewing giant Anheuser-Busch InBev says it no longer has plans to acquire Czech brewer Budejovicky Budvar, with whom it has been fighting a long legal battle over the use of the “Budweiser” brand. 

Frank Hellwig, legal director for AB InBev, says “we don't have any plans, or intention, or desire to buy Budvar” as a way of solving the dispute.

Hellwig said Thursday that such an acquisition, which it had considered in the past, doesn't make commercial sense since AB InBev is doing well registering its Budweiser brand in new countries despite the dispute.

Budvar has been fighting for over a century with Anheuser-Busch over use of the Budweiser brand, to which both companies claim a right.

The dispute continued after Anheuser-Busch was bought by Belgian brewer InBev in 2008. 

Read more about: budejovicky budvar | name dispute | beer | ab inbev

Related News

Russia to raise minimum vodka prices
03/12/2013 - 08:16
Moscow - Russia plans to raise minimum vodka prices next year as it seeks to reduce consumption of alcohol, despite risks that drinkers will resort instead to cheaper illegal liquor.

Johnnie Walker maker steps further into Africa
05/11/2013 - 08:17
London - Diageo, the world's biggest spirits group which has a presence in SA, should see sales growth in Africa accelerate as it expands into new markets like Ethiopia and Angola and as rising incomes enable traditional beer drinkers to try spirits, it has said

Carbon footprints for five beverage categories released by BIER
24/05/2013 - 15:37
n an effort to accelerate understanding of beverage sector impacts on climate change and identify reduction priorities for greenhouse gas emissions, the Beverage Industry Environmental Roundtable (BIER) has published its research on carbon footprints for five beverage categories, including beer, bottled water, carbonated soft drink, spirits and wine.

Carlsberg beats profit forecasts
08/05/2013 - 08:04
Copenhagen - Danish brewer Carlsberg's first-quarter operating profit and revenue beat forecasts on Tuesday, as strong beer sales in Asia cushioned sluggish mature European markets and a decline in its former growth driver Russia.

AB InBev Said to Reach Agreement With U.S. to Buy Modelo
23/04/2013 - 15:41
Anheuser-Busch InBev NV and the U.S. Justice Department reached an agreement over the company’s acquisition of Grupo Modelo SAB, two people familiar with the matter said.