The St. Louis Business Journal is reporting that Anheuser-Busch InBev is negotiating with Heineken to sell its Czech brands to the Dutch brewer. The paper places Staropramen’s valuation between $255 million and $306 million.
We’ve seen this before. Almost exactly a year ago, Heineken’s takeover of the Czech Drinks Union brands was given the green light. That move pushed Heineken into third place on the Czech market, just ahead of the legendary Budweiser Budvar, but still lower than Heineken’s traditional market share. At the time, Ron Pattinson sagely noted that Heineken doesn’t enter a market to take third place.