Current Affairs PM makes clear sale of state-owned brewer Budvar unlikely before 2010
Since last year, the government has been slowly preparing the ground for the transformation and eventual sale of the state-owned brewer Budějovický Budvar. Originally, the government hoped to sell the famous brewery – worth an estimated 1.3 billion euros – by the end of its term, but now it appears the preparations won’t be completed before mid-2010. Prime Minister Mirek Topolánek made clear on Tuesday that the government would rather delay the company’s sale, rather than rush a deal, in order to ensure the brand’s survival into the future.
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