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SWEDEN: Carlsberg could diversify with V&S deal - analyst

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Carlsberg's interest in Vin & Sprit could be seen as a way for the company to diversify out of beer but analysts believe it is more likely to be a way to improve its "critical mass in drinks distribution."

According to a research note by Dresdner Kleinwort, seen by just-drinks today (10 July), DR said that the deal, given its relatively small size, and its non-beer nature, would be unlikely to derail any other plans that Carlsberg may have for brewing acquisitions, including an acquisition of Scottish & Newcastle.

According to recent reports, Carlsberg would be interested in acquiring Vin & Sprit's wine distribution and domestic spirits production and distribution businesses, but is not interested in the Absolut vodka business. DR predicted "that the estimated value of the two businesses was in the region of SK3.2bn (US$478m)."

Carlsberg's head of its Swedish business has been quoted in the local press saying that
Carlsberg would be interested in acquiring Vin & Sprit's wine distribution and domestic
spirits production and distribution businesses.

Paul Bergqwist, chairman of Carlsberg Sweden, referred to existing co-operation with
these businesses, without specifying the nature of the co-operation.


Sectors: Beer & cider, Spirits

Companies: Carlsberg, Absolut

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