Brau & Brunnen AG, Germany's fourth largest brewer, in which the German banking group, HVB, owns a majority stake, said it intends to buy back 10% of its capital by the end of December 2004. Brau & Brunnen also revealed that it bought back 9.8% of its share capital in a previous share buyback programme. HVB itself is planning to sell its 55.6% stake in the brewer.

22 August, 2003