News

GERMANY: Interbrew wins Hannover approval in bid for Gilde

Most popular

Could a Pernod offload revolutionise wine?

The just-drinks Analyst returns

Wine's race to the top - whither value?

Why drinks companies will struggle to break Gen Z

How to ride the 'Gen Z' wave in the on-premise

MORE
The brewing conglomerate, Interbrew, has announced that it has won the support of the City of Hannover in its bid for the brewer based in the city, Gilde Brauerei.

The City of Hannover owns a 10% stake in Braudergilde Hannover, which is the parent company of the Gilde Brauerei business, Germany's fifth largest beer producer.

"Subject to clearance of the competition authorities, this clears the way for a successful completion of the Gilde acquisition, which will be an important milestone in Interbrew's development strategy in Germany," said Interbrew's CEO, Hugo Powell.

The City of Hannover had previously said that it planned to file legal proceedings against Brauergilde alleging that it failed to gain approval from a sufficient number of shareholders for the proposed €523m sale to Interbrew.


Related Content

The spirits category in 2018 - just-drinks' Review of the Year, Part III - FREE TO ACCESS

The spirits category in 2018 - just-drinks' Review of the Year, Part III - FREE TO ACCESS...

Focus - Spirits industry calls for tougher action on counterfeiting

Focus - Spirits industry calls for tougher action on counterfeiting...

Focus - Inbev's move for Anheuser-Busch

Focus - Inbev's move for Anheuser-Busch...

Spotlight - Smoking ban good news for soft drinks sales

Spotlight - Smoking ban good news for soft drinks sales...

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?