DENMARK: Carlsberg ups ownership of Saku Ölletehas
Carlsberg has increased its control of Estonian brewer Saku Ölletehas.
The term for the acceptance of the takeover bid ended on 26 June, Saku said yesterday (1 July) and the purchase price offered by Carlsberg was EEK194.06 (US$19.60) per share.
Shareholders decided to sell just under 1.4m shares of Saku, constituting approximately 17.4% of all shares in the company.
Carlsberg now owns 7.4m shares in Saku, constituting around 92.4% of the brewer.
The company said Carlsberg has decided to initiate actions for the squeeze-out of remaining minority shareholders.
Payment of the purchase price to shareholders who sold their shares and the transfer of shares sold to Carlsberg will be executed on 3 July.
For our final interview of 2008, we're putting aside sales forecasts and market performances for a moment in favour of a personal reflection on one of the drinks world's most influential figures, Robe...
The brewing sector has seen steady consolidation in recent years and 2008 was certainly no exception. Olly Wehring reviews a year which began with the protracted takeover of S&N by Heineken and Carlsb...
Some of the fizz certainly seems to have left Cobra Beer's fortunes, after the UK-based company announced last week that it had been put up for sale by its founder, Lord Bilimoria....
Shareholders in Ireland's C&C Group, owner of Magners cider, have approved a performance-related bonus plan for the firm's new management team....
Jacek Pastuszka has been appointed new CEO of Carlsberg Polska with effect from 9 January....
Enterprise Inns has issued an apology to Carlsberg over claims it was delisting the lager in UK pubs and restaurants, according to reports....
Baltika has begun exporting its beer brands into Uruguay, with a view to branching out into Brazil and Argentina....
Carlsberg has set up a distribution joint-venture in Malaysia....
- Cannabis – A clear and present danger to alcohol
- Is Irish whiskey ready to recognise its potential?
- Interview - Bernstein analyst Trevor Stirling
- Global Travel Retail - What is the Grey Market?
- The European beer market - Focus
- Diageo appoints first programmatic marketing head
- Corporate Relations Director to leave Diageo
- Bacardi names new global communications head
- Diageo strike threat postponed with fresh vote
- Pernod Ricard pairs Usain Bolt with Mumm Champagne