Russia: Baltika, Pikra, Vena and Yarpivo - one legal entity
OAO Brewing Company Baltika has finished the reorganization process and from 2007, Baltika, Pikra, Vena and Yarpivo are a single entity, Russian Beer Union announced on December 31.
Pikra, Vena and Yarpivo have been excluded from the state register of legal persons. Thereby, the companiess association process to the leader of the Russian brewing industry, OAO Pivovarenaya compania Baltika came to an end.
Anton Artemiev, the president of OAO Pivovarenaya compania Baltika mentioned the accurate coordination of companiess shareholders, management and staff as well as an open informational policy. Thanks to that, the association process has been accomplished in the best traditions of the corporate law, in total accordance with Russian legislation and with entire respect of shareholderss interests. For Russia, it is a unique project from the point of view of specific, complexity and deadlines.