Carlsberg is near to gaining 100% ownership of its Russian subsidary Baltika Breweries

Carlsberg is near to gaining 100% ownership of its Russian subsidary Baltika Breweries

Carlsberg has taken a step closer to gaining 100% ownership of its Russian subsidiary Baltika Breweries after formally submitting a voluntary offer to shareholders. 

Earlier this month the Danish brewer filed the voluntary offer to minority shareholders in Baltika Breweries with the Russian Federal Financial Markets Service. Yesterday (31 May), this offer was formally submitted to Baltika Breweries. 

Carlsberg said in a statement that full ownership will “speed up the implementation of decisions and allow Baltika Breweries to become fully integrated into the back-end operations of the Carlsberg Group which have been accelerated recently.”

The Copenhagen-based group, which first announced its plans in February, currently has an 89% stake in Baltika Breweries, Europe's second largest brewery and Russia's leading brewer. 

The acquisition price set in the voluntary offer is RUB1,550 (US$45.70) per share - a 26% discount to the share price the day before Carlsberg made its intention public. It is for acceptance from today (1 June) to 9 August this year. 

Separately, Carlsberg has acquired the rights to sell Holsten in Russia as former owner SABMiller has been forced to release it. A deal between SABMiller and Turkish group Anadolu Efes has triggered a clause, forcing the UK firm to hand the Holsten rights to Carlsberg. 

A Carlsberg spokesman told just-drinks it will sell Holsten nationally across Russia in green glass bottles and aluminum cans, both of 50cl. The brand currently stands fourth in the super premium segment in Russia, the spokesman added.