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Pabst Blue Ribbon Deal Doesn’t Involve Russian Brewer After All

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Pabst Blue Ribbon beer wasn’t sold to a Russian brewer after all.

An investment group that acquired Pabst Brewing Co. didn’t involve Oasis Beverages, which calls itself the biggest independent brewer in Russia and Ukraine, despite a press release in September saying Oasis was part of the transaction. The sale was instead completed last week by Blue Ribbon Intermediate Holdings LLC, a partnership between entrepreneur Eugene Kashper and private-equity group TSG Consumer Partners LLC, according to a subsequent release.