EC: EC gives go-ahead for S&N takeover of Portugal's second largest brewer
By just-drinks.com editorial team | 23 November 2000
The European Commission today (Thursday) cleared Scottish & Newcastle's purchase of a 49% stake in Centralcontrol which owns Centralcer, the second largest brewer in Portugal. Brussels said that S&N had only a marginal presence in the local wholesale market and the deal would not change the Portuguese beer sector. S&N will share control of Centralcontrol with VTR SGPS SA, a holding company representing Banco Espirito Santo, Parfil, Fundaçao Bissaya Barreto, Olinveste and STDP.
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The European Commission today (Thursday) cleared Scottish & Newcastle's purchase of a 49% stake in Centralcontrol which owns Centralcer, the second largest brewer in Portugal. Brussels said that S&N had only a marginal presence in the local wholesale market and the deal would not change the Portuguese beer sector. S&N will share control of Centralcontrol with VTR SGPS SA, a holding company representing Banco Espirito Santo, Parfil, Fundaçao Bissaya Barreto, Olinveste and STDP.
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