Three leading UK law firms were instructed to advise on the £160m privatisation of Serbia’s top brewery company – the second largest privatisation in the country’s history.

Simmons & Simmons advised the acquirer, Belgium-based brewing giant Interbrew, on its acquisition of a 50.01% majority stakeholding in Apatin, the largest brewer in southeast Europe, with a 39% share of the Balkan beer market.