The agreement will see S&N buy a 46% stake in Boutaris’ beer subsidiary, Mythos Brewery, for £16m (€24.6m/$24.2m). At the outset, S&N is expected to add to Mythos Brewery’s share capital funds of €9m ($8.8m) either through a convertible bond issue or by share capital increase.
GREECE: S&N to sign agreement with Boutaris
The Greek wine and beer group, Boutaris, and UK-based international beer group, Scottish & Newcastle, are expected to sign their official co-operation agreement on July 15.