Infond Set To Profit As Foreign Investors Look Elsewhere

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Investment group Infond Holdings has increased its stake in Slovenia's leading brewer Pivovarna Lasko to 53%, in a move that CFW believes will help the latter grow its brand and segmented product offering, and allow it to continue recording impressive profits in a competitive market. Pivovarna is one of the nation's most well-recognised brands, enjoying a more than 50% market share and employing over 1,900 people. BMI analysts are currently forecasting that the alcoholic drinks sector will grow will grow from US$58mn in 2009 to US$68.6mn in 2013, relatively moderate growth rate of 18.3%, which reflects the fact that the Slovenian economy is more mature than many of its CEE peers (Slovenian GDP per capita was US$24,710 in 2008).