Molson to buy StarBev for £2bn

City A.M. Reporter
Molson Coors Brewing said it will buy eastern European brewer StarBev for 2.65 billion euros (£2.19bn) to expand in central and eastern European beer markets.

"The Central and Eastern European beer market is attractive, with strong historical trends and upside potential as the region returns to its pre-economic-crisis growth rates," chief executive Peter Swinburn said in a statement.