CANADA: Unibroue up for sale?
Unibroue may be put up for sale. The controlling shareholders in the micro-brewer have said that they are considering selling the company.
The shareholders - Andre Dion, Robert Charlebois and Serge Racine - said late last week that they had received a takeover offer for Unibroue, and that they are negotiating with the prospective buyers. In a statement, the three said: "(We) cannot disclose any more information on the matter, nor can (we) make any statement as to their potential outcome."
Trading in the company's shares was halted on Friday. Based on the stock price at the time, Unibroue has a market value of around C$7.9m.
In the year to 31 December last year, Unibroue recorded sales of C$25.6m, a rise of 8.4% year-on-year. Profits hit C$1.1m, or 16 cents a share, up by 19% on 2002.
Sectors: Beer & cider
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