GLOBAL: Carlsberg, Heineken close S&N purchase

By just-drinks.com editorial team | 29 April 2008

Carlsberg and Heineken have completed their purchase of Scottish & Newcastle.

The companies said yesterday (28 April) that the Scheme of Arrangement for the acquisition of S&N by its joint company Sunrise Acquisitions has now become effective.

Consideration due to S&N shareholders - equating to GBP8.00 per share - will be issued by 12 May, the companies said.

Carlsberg president and CEO Jorgen Buhl Rasmussen said: "We have created a new and stronger balance between mature and growing markets and we are exceptionally well positioned for profitable growth. Ahead of us now lies a lot of work with the integration and merger of existing and new businesses, but we are well prepared and look forward to welcoming all our new colleagues to the Carlsberg Group."

Heineken chairman and CEO Jean-François van Boxmeer added: "We will now accelerate the process of uniting people, brands and best practice from both Heineken and S&N to create a single, stronger, more competitive business focused on sustainable growth. To all our new colleagues, business partners and consumers I say welcome to Heineken and welcome to an exciting future together."

Sectors: Beer & cider

Companies: Carlsberg, Heineken, S&N