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FINLAND: Altia acquires SBG for undisclosed sum

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Altia, the Finnish state-owned alcohol  producer, has acquired the Swedish drinks maker Scandinavian Beverage Group (SBG).

The acquisition, from private European equity group CVC Capital Partners, has been made to expand Altia's business to neighbouring Norway and Sweden, the Finnish group said.
 
Markku Tapio, director at Ministry of Trade and Industry and chairman of Altia, said in a statement: "Together, Altia and SBG form a strong Nordic structure and business concept. The acquisition is a strategic step for Altia. The leading Finnish alcoholic beverage house will be a pan-Nordic player."

No financial details were disclosed for the acquisition, which is pending the approval of Finnish competition authorities.


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