Altia Corporation has completed the acquisition of pan-Nordic beverages company Scandinavian Beverage Group (SBG). The Finnish state-owned alcoholic beverages company announced the completion yesterday (16 December).

Altia announced in November that it had started down the route of acquiring SBG from private European equity group CVC Capital Partners, with a view to expanding its business to neighbouring Norway and Sweden.

The acquisition of all the shares in SBG had needed approval from competition authorities.

The acquisition price was not disclosed.