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It looks like the brewing brouhaha involving several large multi-national beer companies that I wrote about last week is going to be resolved more quickly then anybody had anticipated. The Carlsberg Group and Heineken today agreed to a $15.3 billion buyout of Scottish & Newcastle. The deal is structured such that Carlsberg will get sole ownership of BBH (Baltic Beverages Holding), giving them access to the lucrative Russian beer market, and will also receive S&N’s markets in China, France and Greece. Heineken will gain control of S&N’s markets in Great Britain, India, the United States and a few others. Business experts don’t seem to think there will a problem in getting the deal approved or with any counter-offers.
Note: Portfolio’s online website has a good overview of this story, too.
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