The Metropoulos family's consumer-products investment firm, C. Dean Metropoulos & Co., is selling Pabst Brewing Co. to Russian brewer Oasis Beverages in partnership with private-equity firm TSG Consumer Partners LLC,
the
Wall Street Journal
reported.
The deal values Pabst at $700 million to $750 million, the
Journal
report said. Oasis will take a majority stake and TSG will be a minority owner, the article said.
Metropoulos bought Pabst in 2010 from a charitable foundation for about $250 million, the
Journal
article said. Pabst also owns the Schlitz, Colt 45, Old Milwaukee and other brands.
Oasis, which also produces soft drinks and juice, has operations in Russia, Ukraine, Kazakhstan and Belarus, the article said. (Source:
Wall Street Journal
, Sept. 19, 2014.)
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