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Budvar Not For Sale

The Prague Daily Monitor reported today that the Czech Republic government has changed its mind for the time being about privatizing Budejovicky Budvar brewery. Prime Minister Mirek Topolanek was quoted as saying there’s “no privatization,” adding that it would take at least 12-18 more months before Budvar would become a joint-stock company. He also laid to rest rumors that Marek Dalik, Topolanek’s advisor, was in negotiations with Anheuser-Busch to purchase the Czech brewery, as had been widely reported in the business press.


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