01 April, 2003

Radeberger Gruppe AG, the third largest brewer in Germany after Holsten and Interbrew, is planning to expand, Ulrich Kallmeyer, the company's chief executive, reported in a statement. However, Kallmeyer did not give any details on speculation that the company was planning to invest €1.0 billion in the acquisition of smaller regional brewers.

Radeberger increased its stake in the German brewer, Allgaeuer, from 57.3% to 89.4% at the beginning of this year. Radeberger, is part of the privately-owned group, Dr Oetker, which now declares beer production as its core business activity.

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