from Ferroal Ltd. The price of the deal is not revealed yet. It is specified in the agreement, approved by the Bulgarian authorities, that Ferroal shall remain minor shareholder in Shumensko pivo. The Bulgarian brewery, located in Shumen, near the Black Sea, holds almost 8 per cent of the domestic market, the total amount of which is estimated at 4.5 million hectoliters. The turnover of Shumensko Pivo over 2001 was USD 7.75 million with production of 340 000 hectoliters. 338 people are employed in the company.