Czech Business Weekly reports that the privitisation of Budweiser Budvar, which is currently state-owned, is going slowly because the Czech Government is afraid of jeopardising the brewer’s ‘legal continuity’, and therefore putting its trade marks at risk. The Budvar brand is thought to be worth 20 and 30 billion Czech crowns. According to Ivan Fuksa, deputy minister of finance:
“The Ministry of Agriculture is at present considering the pros and possible cons of the transformation. It will probably use analyses made by a prestigious consultant to ensure certainty and full continuity of the activity and rights (including those connected with intellectual property) during the intended change of Budvar”.
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