There’s a new twist in the Budvar sale story. As most readers of these pages are probably already well aware, Budějovický Budvar (pictured above) is the last brewery to remain Czech national property and its privatization seems to be proposed about every two years. Due to Budvar’s claim to the name Budweiser and its numerous ongoing legal battles with Anheuser-Busch on the issue, many argue that Budvar should not ever be privatized, lest it be bought by the maker of American Budweiser and shuttered — or worse, forced to brew bad beer.
Last month I mentioned that the current Czech government has announced a tender for its legal advisor in the sale of Budvar — a first step toward privatization. Yesterday, Forbes reported that the proposed sale of Budvar will not take place before the current government leaves office in 2010, contrary to what was suggested in December.