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Image header Agence Europe
Europe Daily Bulletin No. 8563
Contents Publication in full By article 37 / 47
ECONOMIC INTERPENETRATION / (eu) agro-foods

Swiss company, NESTLE, has sold 51% of its capital in TRINKS, a German logistics group specialising in drinks, to three independent German breweries, KROMBACHER, RADEBERGER (BRAU UND BRUNNEN) group and WARSTEINER. Number one in drink logistics in Germany, TRINKS obtains 50% of its sales (around EUR 1 bn in total in 2002 from 1.3 bn litres of drinks) in the beer sector and 40% from mineral water where NESTLE is the world leader. The agreement will see NESTLE continuing to reduce its participation "over the next few years".

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION