Valmiermuižas Alus has sold a 45% stake to ILAG

The private shareholders of Valmiermuižas Alus have sold a 45% stake in the company to Industrieliegenschaftenverwaltungs AG (ILAG) for an undisclosed consideration.

Valmiermuižas Alus is a small manor brewery near Valmiera in Latvia. The beer that they produce is made from top quality raw materials and following traditional brewing methods.

Industrieliegenschaftenverwaltungs AG (ILAG) is a well established Austrian real estate and investment holding of 25 years' standing, with international orientation. The corporation is active in three strategic areas: real estate investments, agriculture and forestry including the energy sector, and food and high-tech.

Oaklins' team in Latvia advised the seller in this transaction.