S&N seeks partners to fight takeover bid

30 October, 2007

Scottish & Newcastle is looking for another brewer to buy Carlsberg’s stake in their Russian joint venture BBH in a bid to stay independent, reports have said.

SABMiller and Anheuser-Busch are among those rumoured to be S&N’s potential partners as it attempts to fight off a joint takeover bid by Carlsberg and Heineken. S&N has rejected the offer, calling it “unsolicited and unwelcome”.

The brewer has dismissed reports it is seeking a team-up with other major players as “pure speculation”. Observers have said that even if it successfully fends off the takeover bid it will have to face some sort of corporate restructuring.

S&N has also threatened to take Carlsberg to court, saying the takeover bid broke the terms of the BBH shareholders agreement.




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Looking back to look forward

Wine is a liquid time capsule. Drinking older vintages not only recalls the weather conditions and winemaking styles of the past, it encourages us to reflect upon our own histories. Such reminiscence often inclines towards romanticised nostalgia. Especially after the second bottle. But looking back is a great way of learning about the future.

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