News

UPDATE: Carlsberg “happy” with Baltika conditions

Most popular

Worst-case scenario avoided, where now for beer?

How COVID has driven at-home indulgence - trends

How COVID-19 will change after-work drinks

Brown-Forman Performance Trends 2016-2020 - data

Why black lives should matter in wine

MORE

Carlsberg has said it is "very happy" with the conditions set by the Russian competition commission (FAS) regarding its plans to acquire complete control of the country's brewer Baltika.

Speaking to just-drinks today (19 March) a spokesperson for Carlsberg described the conditions set out by the FAS as "absolutely okay", adding that the brewer only seeks the green light from the Ukraine now, but that it is optimistic.

Baltika is owned by Baltic Beverage Holdings, the joint venture between Carlsberg and Scottish & Newcastle. Carlsberg is currently attempting to acquire S&N in a deal with Dutch brewer Heineken. As part of the deal, the Danish brewer will take complete control of BBH.

The FAS said that because Carlsberg and Baltika will have a combined share of more than 35% the Russian beer market as a result of the deal there were rules if competition restraints were to be avoided.

Baltika will have to give FAS two months' notice of any planned increases or cuts in its beer prices by more than 10%. Furthermore, Baltika will not be allowed to impose limitations on beer sales or refuse to supply beer on any unjustified economic or technical grounds.

The spokesperson added: "Clearance was already expected because the transaction was structured so that it avoided anti-trust issues. We have clearance already from the European Commission, but we are still waiting for clearance from the Ukraine. We foresee no problems there though, we have a very small market share of just 20%."


Related Content

Carlsberg Performance Trends 2015-2019 - results data

Carlsberg Performance Trends 2015-2019 - results data...

Carlsberg Performance Trends 2013-2017 - results data

Carlsberg Performance Trends 2013-2017 - results data...

Carlsberg Performance Trends 2014-2018 - results data

Carlsberg Performance Trends 2014-2018 - results data...

How did Carlsberg perform in 2018? - results data

How did Carlsberg perform in 2018? - results data...

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?