By
Dan Bilefsky Staff Reporter of The Wall Street Journal
BRUSSELS -- Interbrew SA has taken an 80% stake in Diebels GmbH & Co., Germany's 10th-largest brewer, marking its first foray into Germany's fragmented beer market.
The Belgian beer giant declined to reveal the financial terms of the deal, but spokesman Corneel Maas said the acquisition marked the beginning of its push into a market with "enormous consolidation potential." Earlier last week Interbrew's shares fell on reports that the world's second-largest brewer planned to bid as much as 1 billion pounds (1.62 billion euros or $1.42 billion) for Brauerei Beck & Co., the maker of Beck's, Germany's top export beer. On Friday the shares rose 1.1% to 30.33 euros on the Brussels Stock Exchange.
Resume Subscription
We are delighted that you'd like to resume your subscription.
You will be charged $ + tax (if applicable) for The Wall Street Journal. You may change your billing preferences at any time in the Customer Center or call Customer Service. You will be notified in advance of any changes in rate or terms. You may cancel your subscription at anytime by calling Customer Service.
Please click confirm to resume now.