DENMARK: Key Carlsberg shareholder cuts stake
Carlsberg's principal owner, the Carlsberg Foundation, has completed its disposal of rights to shares in connection with the Danish brewer's DK30.5bn ($6.3bn) share issue.
By selling its rights to the stock rather than buying new shares, the Carlsberg Foundation will cut its stake in the brewer to around 25% from over 50%, while still keeping a majority of Carlsberg's key voting shares.
The rights were sold to the company's "joint bookrunners", a group of banks and brokerages that have placed a corresponding number of newly-issued Carlsberg B shares through a bookbuilding with institutional investors in Denmark and internationally.
According to Danish media, bookrunners had sold 32m shares of the total issue of more than 76m shares at DKK490 each.
Carlsberg's shares were trading up 1.8% at DK 509 on Friday.
Last week, the company launched a fully underwritten DKK30.5bn rights issue to repay part of the debt facilities put in place to finance its joint acquisition of Scottish & Newcastle.
Vijay Mallya, owner of the UB Group, sits astride an enormous business empire which includes some of the largest drinks operations in one of the world's most exciting emerging markets. In the second p...
In a surprise move this week, John Dunsmore, the former boss of giant brewer Scottish & Newcastle, was parachuted in to ailing cider firm C&C....
Magners cider owner C&C Group has turned to former Scottish & Newcastle executives to boost performance, announcing John Dunsmore as its new chief executive officer....
The Campaign for Real Ale is seeking a meeting with Carlsberg UK over the group's plans to close its brewery in Leeds....
Per capita consumption of beer in Eastern Europe rose by 22 litres between 2002 and 2007, according to a report from beverage industry analysts Canadean....
Scroll down to view the top 10 stories published on just-drinks this week....
Baltika Breweries, the leading Russian brewer, has reported sales and profit rises for the first nine months of 2008, lifted by a growing export business....
Carlsberg is hoping to find a Yorkshire-based partner in the UK to help with the production of its Tetley's ale brand in the country....
- SABMiller & Meantime: Notes for the New Owner
- Comment - How to Target Cognac's Mok Generation?
- Analysis - The Value of Prosecco
- Analysis - Keurig Kold fails to impress
- Focus - The Prosecco shortage that isn't
- Whyte & Mackay takes on Flor de Caña in UK
- Diageo takes Baileys, Gordon's marketing in-house
- Carlsberg cuts 180 staff
- Suntory to buy Japan Tobacco beverage unit
- Mixto Tequila poised for "golden age"
- Global Tequila insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Africa: The Final Frontier for Beer
- Global rum insights - market forecasts, product innovation and consumer trends research
- Diageo plc (DGE) - Financial and Strategic SWOT Analysis Review