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You are here: Home / General News / S&N Deal May be Near

S&N Deal May be Near

News »  General Newsposted Jan 22nd 12:00:00AM by Pat Hagerman

After three months of battles, Scottish & Newcastle has agreed to enter discussions that would result in Carlsberg and Heineken taking over the UK brewing giant.

S&N agreed to open its books after the pair increased their bid for the third time, ending a three-month takeover stand-off.

The group’s chairman, Sir Brian Stewart, had fiercely held out against the Dutch and Danish suitors, but sources said the two sides entered talks this week.

Sources close to S&N last night insisted that the group’s decision to open its books for due diligence was only the “start of the negotiations”, while people close to the bidders described it as a “done deal” pending the outcome of the due diligence.

Heineken and Carlsberg first approached S&N in October. S&N owns the Newcastle Brown, Kronenbourg and Strongbow brands, but the center of interest is Baltic Beverages Holding, the fast-growing Russian and Baltic brewer that S&N jointly controls with Carlsberg on a 50-50 basis.

For recent updates on this story go to: https://www.probrewer.com/vbulletin/showthread.php?p=27924#post27924

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Pat Hagerman

Posted by Pat Hagerman

Pat Hagerman is co-founder of ProBrewer.com. When he's not leading operations for ProBrewer you can find Pat working on Internet of Things (IoT) infrastructure and systems. If you're having a beer with him ask about some of the more original skills he's taught Alexa.

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