Heineken Looks to Grab More Russian Drinkers

07 July 2006

ST PETERSBURG - Dutch brewer Heineken hopes to increase its market share in Russia over the next five to six years from the current 16% to 20%, says chairman Jean-Francois van Boxmeer.

Heineken, which has invested €1.2 billion ($1.53bn; $832m) in the country - its largest single market where it owns ten breweries - expects the €4 billion ($5.09bn; £2.77bn) Russian beer market to be one of the few in Europe to grow this year.