Scottish super-strong beer-makers brewing up second share issue

INVESTORS from throughout Europe are to be given the chance to buy a stake in controversial beer company BrewDog, in a share issue that is expected to be announced later this week.

BrewDog managing director James Watt, left, and fellow brewery founder and head brewer Martin Dickie are seeking fresh funds

The Fraserburgh-based brewer - known for its extra-strong beers, such as Sink the Bismark at 41 per cent alcohol by volume and Tactical Nuclear Penguin at 32 per cent - will follow its 2009 share issue with a fresh round of funding, according to the company's website.

Reports over the weekend said the latest share issue would be launched on Wednesday.

The brewer said: "For those of you who missed out the last time we sold some shares in BrewDog, it is very likely there will be an opportunity in the next few weeks to invest in our company. Anyone from Europe will be able to invest in our company and benefit financially from the growth of BrewDog."

About 1,300 investors bought shares in 2009, raising about 600,000 to fund expansion. At the time, founders Martin Dickie and James Watt said they wanted about 2.3 million to build a bigger brewery.

Some 60 shareholders were invited to the brewery to help make "2011 Equity for Punks", a black India pale ale (IPA) beer brewed especially for investors.