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GERMANY: Carlsberg hits Holsten target - report

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Carlsberg has passed its target in its takeover of Holsten, according to German press reports.

Boersen Zeitung wrote this weekend that the Danish brewer had acquired 88.87% of Holsten before the official takeover ended at noon on Friday. Carlsberg had set a target of acquiring 75% of Holsten.

The newspaper claims that Carlsberg plans to launch a 'squeeze-out' at Holsten if it manages to acquire 95% of the German company. If the Danish company succeeds in its plans, Holsten would be delisted from the stock exchange.

Carlsberg is offering €38 per share for Holsten.


Sectors: Beer & cider

Companies: Carlsberg

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