CEO of BBAG
Karl Buche stated: "By creating the leading brewery group of Central Europe we have accomplished a long standing vision of our group.
The integration of the operations of Heineken and BBAG
in Central and Eastern Europe into the new Brau Union AG, which started in October 2003, is progressing according to plan.
Tosca dead-heated in a valuable BBAG
sales race at Baden-Baden on her debut last Saturday and Tiger Cub won a handicap at Lingfield on Thursday.
An immediate start will be made on integrating Heineken and BBAG
operations in Central Europe, in order to realise the synergy gains which are expected to accrue from combining their businesses.
Newsells Park Stud manager Julian Dollar, in Baden-Baden to oversee the sale of several of the operation's yearlings by its sister stud Gestt Fhrhof, reported yesterday morning's flight from Stansted to Baden-Baden was full of British and Irish bloodstock professionals and felt "like a BBAG
This projection takes no account of the consolidation of BBAG
or the possible introduction of the Dutch Annual Reporting Guideline 271 relating to pensions.
Once the transaction is completed, Heineken will launch a public offer for the outstanding shares (the free float) of BBAG
and its sub-holding Brau Union AG ('BU').
German sale company BBAG
has released the catalogue for its flagship yearling sale, which this year takes place on one day, Friday, August 31.
7 % of the shares of BBAG
Anticipating the completion of the BBAG
acquisition, Heineken announces that the following people will be appointed as Members of the Management Board of the new Brau Union AG.
The yearlings - a Monsun colt from the family of 1,000 guineas winner Speciosa and Champion Stakes winner Pride, and an equiano colt out of an invincible Spirit mare from an established Aga Khan family - were offered at last month's BBAG
The brand is produced in the Zipf brewery which is owned by BBAG
Brau Union and is widely available in Italy, Sweden and eastern Europe.