According to the German magazine Euro am Sonntag, Anheuser-Busch Companies is in the midst of negotiations with the Czech government to buy Budejovicky Budvar. The two companies have had a long running series of legal battles in courtrooms around the globe over the Budweiser brand name. The magazine cited sources in the Czech Parliament.
Czech Trade Minister Martin Riman has estimated the brewery could fetch $1.5 billion. Some officials and the Czech public have been critical of a potential sale of the brewery to foreign companies, especially Anheuser-Busch fearing that the Budvar brand could be eliminated.
Besides Anheuser-Busch, several other companies have been rumored to be in the running for the brewery. Belgian mega brewer InBev, along with British firms Fuller, Smith and Turner and Young & Co., have all been reportedly interested in buying Budvar.