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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Rosé tinted glasses

I was asked recently what I thought the biggest change had been in wine fashion in the past five years. My answer was unequivocal: sales of pink wines. From being a niche that expanded and contracted with the sunshine, rosé has subtly but steadily become a stalwart of many merchants’ ranges, with Provence firmly at the top and asked for by name.

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