Krombacher has dismissed local reports that it is in Heineken's sights for a possible acquisition.

The company, which is Germany's fifth largest brewer and operates Schweppes Deutschland, was responding to reports late last week in the country that it may be a takeover target of the Dutch brewer's. Financial Times Deutschland claimed last week that Heineken is understood to be in talks with Bernhard Schadeberg, managing director and a stakeholder in Krombacher.

When contacted by just-drinks today (5 August), however, a spokesperson for Krombacher said that no contact has been received from Heineken.

"The speculation circulating over a merger between Krombacher and any foreign brewing companies lack merit," the spokesperson said. "We have a clear strategy in place for Krombacher and Schweppes in the German market. There is no reason for this to change.

"In the future, we will remain independent."

A spokesperson for Heineken, meanwhile, declined to comment on the speculation, citing company policy on press reports as reason for the silence.