Holsten Brauerei has brought talk of its potential sale to a close. The brewer announced yesterday that it had been unable to find a new buyer for a majority stake in the company. Holsten also said that its management has ended a strategic review of its ownership structure.
In a statement reported by Reuters, the brewer said: “There has been no concrete approach that would have been to the benefit of the company, shareholders or employees.”
A report in Focus magazine last week claimed that Carlsberg and Bitburger Brauerei were planning a joint takeover of Holsten. The magazine said that a bid of over €550m (US$658.8m) had been received by Holsten’s largest shareholder, Christian Eisenbeiss.
Shares in the brewer fell by 12% as investors dumped their stock following the announcement.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData