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Alfa-Eco gets control over Patra brewery

July 22, 2004. TAG: Investment

On July 20, 2004, the shareholders' meeting of the Patra brewery (Yekaterinburg) elected a new Board of Directors and appointed a new General Director, namely Alfa-Eco's representative Alexander Malakh. Igor Tochilov, the former General Director of the brewery, was appointed as the Chairman of the Board of Directors.

The aim of restructuring the company's management is to strengthen Patra's position as the leader on the regional market, optimize operational and financial performance of the company, modernize and increase production facilities, improve product quality as well as to implement modern methods of corporate governance.

Taking into account Patra's relations with Sun Interbrew, the management of the company will strive to start successful cooperation with Sun Interbrew. First steps have already been made in this direction. In particular, joint consultations on changing Patra's management and on the company's strategic development have been held.

The PR-department of Alfa-Eco

A1

A1 is one of the leading players on the investment market in Russia and the CIS making equity investments in various industries, pursuing the interests of its shareholders, clients and partners. A1 focuses on investment projects of two types: special situations and growth strategies. Alfa-Bank (Russia), TNK, VimpelCom, Perekrestok and Rosvodokanal Group were originally A1 projects that later became strategic businesses for Alfa Group as well as core companies for the wider Russian economy. A1’s long-term interests are aimed at establishing strong and competitive businesses, producing modern and very high quality goods and services to satisfy Russia’s growing demand, and developing efficient organizational and management systems.