• Financial Times , Wednesday, June 6, 2012 10:10 AM

Molson Coors, the U.S.-Canadian brewer whose brands include Coors Light and Carling, is to buy StarBev, the Eastern European beer maker, for €2.65 billion. The acquisition, from private equity group CVC, will help the beermaker expand as it seeks to extend sales beyond its core territories of the U.S., Canada and the UK. Starbev’s core markets are in central and Eastern Europe. “This is very much about growth,” Peter Swinburn, chief executive of Molson Coors, said. “Our [markets] are flat and declining; these ones are growing.”

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