- EBRD increases stake in Persha Privatna Brovarnia (PPB) to 22%
- Shareholders provide US$ 21.6 million to support operations
Operations of one of Ukraine’s leading private breweries will receive a major boost following the injection of new capital. Fresh funds will help PPB expand its operations and continue improving its product range and logistics.
In line with the original shareholders agreement, the EBRD increased its stake in PBB to 22 per cent. A 7 per cent share stake was acquired from Oasis Beverages, while the stake of the other shareholders (including the Matsola family and Oettinger Brewery) remained unchanged.
In parallel, PPB shareholders will provide a financial package to PPB worth US$ 21.6 million. It will help strengthen the brewery’s capital base, finance its working capital and investment needs.
The Bank started working with PPB over a decade ago, when it financed important energy efficiency improvements at its principal production site. The brewery has since developed into a dynamic market leader offering domestic consumers a wide range of beverages, which now includes a mix of local and international brands.
The EBRD is the largest international financial investor in Ukraine. Since the start of its operations in the country in 1993, the Bank has made a cumulative commitment of almost €13.1 billion across some 418 projects in Ukraine.
