The Norway-based Scandinavian Beverage Group (SBG) has acquired a minority share in one of the leading retail companies in Sweden, Ancrona AB, in an attempt to further strengthen its position across Scandinavia.

The acquisition means that SBG now has a sales, marketing and distribution network covering the entire Scandinavian market, the only importer to have such a broad reach.

In a statement the company said: "The synergy effects of this transaction in areas such as sales, administration and logistics will boost both commercial and professional efforts, as well as market shares.

"SBG is the only importer in the Swedish market, apart from breweries that can support the retail segment, convenience stores, Systembolaget and HORECA market."

SBG has a turnover of €300m and consists of 14 companies and 150 employees.