Topvar Explained

Topvar Breweries
Native Name:Slovak: Pivovary Topvar, a. s.

Topvar Breweries (Slovak: Pivovary Topvar, a. s.) is a beer brewing company in Slovakia. The company was created by the merger of the Šariš and Topvar breweries on 1 January 2007, after both were purchased by global brewing giant SABMiller in 2006. Subsequently, as part of the agreements made with regulators before Anheuser-Busch InBev was allowed to acquire SABMiller in October 2016, Topvar was sold to Asahi Breweries of Japan on December 13, 2016; the deal is expected to close during the first half of 2017.[1] [2] [3] [4]

The original Topvar Brewery was founded in 1957 and the first Topvar beer was brewed in Topoľčany in 1964. In 2007, the beer brewing operation was relocated to Veľký Šariš.

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Notes and References

  1. Web site: Asahi Group to buy InBev beer brands for $7.8bn . . February 2017 . Financier Worldwide . Financier Worldwide . 1 February 2017.
  2. Web site: Anheuser-Busch InBev to Sell Former SABMiller's Central and Eastern European Business to Asahi . . 21 December 2016 . Bloomberg News . Bloomberg . 1 February 2017.
  3. Asahi Forks Over $7.8 Billion for 5 of AB InBev’s Beer Brands, Fortune, url=http://fortune.com/2016/12/13/asahi-ab-inbev-beer-deal/, 2016-12-13, Asahi Forks Over $7.8 Billion for 5 of AB InBev’s Beer Brands
  4. Web site: Asahi buys SABMiller's eastern European brands . Wells . Peter . December 13, 2016 . FT . The Financial Times Ltd. . February 3, 2017 . A figure of more than €5bn ($5.32) for SABMiller’s eastern European brands had been floating around in recent weeks as a likely price tag..