The UK-based brewing force, Scottish & Newcastle (S&N), has acquired the remaining 51% in the Portuguese brewer, Sociedade Central de Cervejas (SCC), which it did not already own from its joint venture partners.
S&N has also announced that it has acquired the Portuguese mineral water company, Sociedade da Agua de Luso, from the same partners.
The total value of the two deals is €342m (US$393m). S&N said it expected both deals to have a positive impact on group earnings in the first year.
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