Becsült olvasási idő: 1 perc
Life saver thrown to Pécs Brewery: recapitalisation
Loss-making since 2002, Pécsi Sörfőzde Zrt. will be recapitalised by its majority shareholder the Austrian Ottakringer Holding AG. 

As a first step, the company decided to introduce capital at the amount of roughly three million Euro, which represents a 325 million forint long term loan granted by the mother company to improve working capital and shareholders will increase the equity by at least 506 million forint – according to the magazine Világgazdaság. It is planned that the past year closed with a loss of 789 million forint would be followed by a consolidation period this year. Under a new management, the brewery is trying to climb out of the deepest pit so far to generate profits hopefully again by 2010. On the basis of the information collected by Világgazdaság, the reason for the crisis has been a tension between shareholders and company managers. Changes are already tangible, as the first quarter results of the company had improved 40 per cent as against 2007, and the debts of the brewery were reduced by 500 million forint in the last six months.