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Interbrew Believes Its Price for Union Shares is Fair

Ljubljana, 23 July - The offer of Interbrew for the purchase of the remaining shares of Slovene brewery Pivovarna Union "represents a fair value, especially against the background of worsening market conditions", the Belgian brewer said in a news release Tuesday, after it published a takeover bid for the remaining 266,510 shares of Union at SIT 90,000 (EUR 397) a share. Interbrew's rival in the "war" for Union, Pivovarna Lasko also published a takeover intent last week, saying that it would offer SIT 91,000 a share.

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