SPAIN: Brewer Mahou secures Alhambra acquisition
Spanish brewer Mahou-San Miguel has at last secured the acquisition of local rival Grupo Alhambra.
Mahou said today (23 March) that it has secured regulatory approval for the deal, which was struck for an undisclosed sum. Reports in Spain claim Alhambra cost Mahou around EUR200m (US$266m).
Alhambra's shareholders accepted Mahou's offer in November when the deal went before Spain's anti-trust authorities.
Alhambra, which was founded in 1925, is based in the region of Andalusia and sells a range of beers including Alhambra and Sureña.
The brewer owns plants in the towns of Granada and Cordova and has its biggest market in Eastern Andalusia.
Sectors: Beer & cider
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