30/8/2014 14:11
RIA Novosti

Business

Carlsberg Makes Repurchase Offer to Baltika Minorities

Russia’s largest beer producer Baltika
18:59 15/05/2012
MOSCOW, May 15 (RIA Novosti)
Tags: 2014 Winter Olympic Games, Baltika, Carlsberg, Russia

Danish brewer Carlsberg has made an offer to minority shareholders of Russia’s largest beer producer Baltika to purchase the remaining 15 percent of Baltika’s stock, the Russian firm said on Tuesday.

Carlsberg filed the offer, which will be sent to minority shareholders next week, with Russia's Federal Financial Markets Service, Baltika said in a statement without disclosing the terms of the offer.

Carlsberg currently holds an 85-percent stake in Baltika and the deal is expected to cost $1.15 billion.

Baltika has dominated the domestic beer market since 1996, currently enjoying a reported 38-percent market share. It has 10 breweries across Russia, and has market presence in 70 countries.

Baltika is the official beer supplier to the Sochi 2014 Winter Olympics.

 

  • Add to blog
  • Send to friend
  • Share

Add to blog

You may place this material on your blog by copying the link.

Publication code:

Preview:

RIA NovostiRussia’s largest beer producer BaltikaCarlsberg Makes Repurchase Offer to Baltika Minorities

18:59 15/05/2012 Danish brewer Carlsberg has made an offer to minority shareholders of Russia’s largest beer producer Baltika to purchase the remaining 15 percent of Baltika’s stock, the Russian firm said on Tuesday.>>

Send by e-mail

All fields are required!




Leave a comment


    Рейтинг@Mail.ru
    © 2014  RIA Novosti
    Some material may be inappropriate for those under 18