Baltika to Sell Asahi Beer in Russia as Incomes Climb

March 13, 2008

March 13 (Bloomberg) -- OAO Baltika Breweries, the largest Russian beer company, agreed to make and sell Asahi Breweries Ltd.'s beer in the country as rising incomes enable more drinkers to afford foreign brands.

A licensing agreement through 2012 has been signed, St. Petersburg-based Baltika said today in a statement. It will start brewing the Japanese brewer's flagship Super Dry beer next month and will sell it in Russia and former Soviet states.

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