Green Light For Royal Unibrew’s Acquisition of Hartwall
Royal Unibrew’s acquisition of the Finnish brewery Oy Hartwall has been approved by the Estonian competition authorities. The acquisition is in line with Royal Unibrew’s strategy of being a focused and strong regional brewery player with leading positions in the markets for beer, malt and soft drinks, including soda water, water and juices, ciders, and long-drinks (RTD) in the Nordic and Baltic countries.
The acquisition allows Royal Unibrew to expand its position as the second largest brewery group in the Nordic and Baltic countries and to broaden and strengthen its earnings base, as well as to expand its portfolio of own brands.
The transaction is based on an assessed enterprise value of DKr3.3 billion, and the acquisition price is DKr2.8 billion (Eur375 million). Hartwall will be included in the financial statements of the Royal Unibrew as of the date of closing.
