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Iconic Pabst Beer Brands Sold To Russian Company
The iconic American Pabst Blue Ribbon brand will soon be owned by a Russian company under a deal to sell the Los Angeles-based brewer for an undisclosed sum.
Pabst Brewing Co., with such beer brands as Colt 45, Old Milwaukee and Schlitz, was acquired four years ago by C. Metropoulos & Co. It's now being sold to Russia's Oasis Beverages and private-equity firm TSG Consumer Partners LLC. The price tag for Pabst is thought to be between $700 million and $750 million, The Wall Street Journal reports.
http://www.npr.org/blogs/thetwo-way/2014/09/19/349868640/iconic-pabst-beer-brands-sold-to-russian-company
