SPAIN: Mahou San Miguel hunts Alhambra - report
Mahou San Miguel is chasing its rival brewer Grupo Alhambra, according to local reports.
The Spanish company has tabled a takeover for Alhambra, the El Pais newspaper said yesterday (2 November), which has been accepted by the brewer's shareholders but is dependent on anti-trust approval.
While Mahou did not provide the paper with financial details, Spanish daily paper Ideal said that Alhambra is worth in the region of EUR200m (US$254m).
The company, which has facilities in Granada and Córdoba, enjoyed a 9.3% rise in sales to EUR 895.2m in 2005. As well as its namesake beer, the company also produced Mezquita.
Sectors: Beer & cider
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