Oasis Beverages buys American brewers Pabst

Oasis Beverages has joined forces with private equity fund TSG Consumer Partners to buy  the American brewing company Pabst Brewing for between $700m and $750m. Oasis has operations in Russia, Ukraine, Kazakhstan and Belarus, while Pabst, which can trace its roots back to 1844, owns a host of well-known American beer brands, including Schlitz, Colt 45 and Old Milwaukee. Interfax