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Carlsberg to make a takeover bid to minority shareholders of Saku Brewery
Juhan Tere, BC, Tallinn, 12.05.2008.
Print version
Print versionCarlsberg remained that the only major shareholder of the Saku Brewery on Friday will make an obligatory takeover bid to minority shareholders.
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The takeover bid will have to be made because 50% of shares of Baltic Beverages Holding AB that used to be a joint venture of Scottish & Newcastle and of Carlsberg moved to Carlsberg and now Carlsberg controls 100% of BBH AB, writes aripaev.ee.
According to the Securities Market Act Carlsberg is now obliged to make a takeover bid to all the rest of shareholders of the Saku Brewery in 20 days. The exact conditions of the takeover bid will be disclosed after they are approved by the Financial Supervision Authority.
It is not the strategic objective of the Carlsberg group to buy out all shareholders of the Saku Brewery nor take the enterprise from the Tallinn Stock Exchange.
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