New plan for Russian JV lifts Anadolu Efes shares

Anadolu Efes Biracilik ve Malt Sanayii

23/10/2024 10:10

** Anadolu Efes  AEFES.IS  shares rise 3.8% after the
Turkish brewer and AB InBev  ABI.BR  came up with a new plan for
its joint venture in Russia 
    ** The new plan would see Anadolu Efes acquiring AB InBev's
stake in the Russian business, while AB InBev would buy Anadolu
Efes' stake in the venture's Ukraine operations
    ** Trive Yatırım analyst Yakup Toktamış notes that the new
deal is more likely to gain approval from Russian authorities
    ** The Belgium-based beer producer was looking to get out of
Russia after Russia's invasion of Ukraine and initially agreed
with Anadolu Efes that the Turkish partner would buy AB Inbev
out of the 50-50 JV, spanning both Russia and Ukraine, but the
sale was rejected by the authorities  
     ** Details of the new transaction are yet to be decided,
the parties said
    ** Brokerage Is Yatirim says it expects news to reflect
positively on Anadolu Efes shares
    ** Shares in AB InBev are up 0.4% at 0910 GMT
    
    


 (Reporting by Canan Sevgili, Miraç Eren Dereli)
 ((canan.sevgili@thomsonreuters.com;
miraceren.dereli@thomsonreuters.com))