News

AUSTRIA: BBAG shares leap on Heineken takeover talk

Most popular

Worst-case scenario avoided, where now for beer?

How COVID has driven at-home indulgence - trends

Brown-Forman Performance Trends 2016-2020 - data

How COVID-19 will change after-work drinks

Why black lives should matter in wine

MORE
The re-emergence of takeover speculation sent the shares of the Austrian brewers BBAG and Brau Union to all-time highs yesterday.

The leap was prompted by a report in Financial Times Deutschland, which said that Heineken was the leading contender to buy Austria's biggest beer and soft drinks group BBAG, which is also the parent company of brewer Brau Union. The report cited unnamed Vienna financial sources.

Earlier this year BBAG said it was looking for a partner to help it become the largest brewer in Eastern and Central Europe.

The reports yesterday suggested that a decision on the new partner was imminent so it could be presented at BBAG's shareholder's meeting on June 5.


Companies: Heineken

Related Content

Harvest Report 2006 - Germany and Austria

Harvest Report 2006 - Germany and Austria...

Heineken UK's David Forde named next C&C Group CEO

Heineken UK's David Forde named next C&C Group CEO...

Vietnam lines up final SABECO stake sale - report

Vietnam lines up final SABECO stake sale - report...

Anheuser-Busch InBev launches Michelob Ultra blanket in COVID-themed campaign

Anheuser-Busch InBev launches Michelob Ultra blanket in COVID-themed campaign...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?