Carlsberg Extends Ownership of Baltika Breweries
Carlsberg Group has acquired a 12.1% stake in Baltika Breweries for an undisclosed sum to increase its ownership of the Russian brewer to 96.8%. When the necessary administrative steps have been completed Carlsberg Group intends to launch a compulsory purchase of the remaining outstanding shares in Baltika Breweries.
Russiais the world’s fourth largest beer market and the Carlsberg Group firmly believes in the longterm market and profit pool growth opportunities. The transaction is in line with the Carlsberg Group’s strategy of having 100% ownership of its most important subsidiaries to achieve greater operational flexibility. By having 100% ownership of Baltika, the company can be fully integrated into the Carlsberg Group which will speed up the implementation of decisions.
