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. Last Updated: 07/27/2016

Efes Brewery Merger

ISTANBUL, Turkey -- Turkish brewers Ege Biracilik, Guney Biracilik, Erciyas Biracilik and Anadolu Biracilik, which produce the leading Efes Pilsen brand, plan to merge into Erciyas Biracilik.

Anadolu Endustri Holding's Efes Beverage Group, which controls the four companies, said in a statement Wednesday that Erciyas Biracilik would take over all assets and liabilities of the other three, pending approvals from shareholders' meetings and regulatory authorities.

The merger is planned for completion in the first half of 2000.

The new company would be Turkey's biggest beer maker with eight breweries and three malt factories with total output capacity of almost 1 billion liters of beer and 100,000 tons of malt, the statement said.