Heineken and Carlsberg Pursuing Scottish & Newcastle
It is currently intended that Heineken will ultimately assume control of Scottish & Newcastle's business in the UK and other European markets and that Carlsberg will ultimately acquire Scottish & Newcastle's interest in BBH, France and Greece.
17/10/07 Heineken N.V. has responded to the recent share price movement of Scottish & Newcastle plc.
Heineken N.V. and Carlsberg A/S have confirmed that they are in discussions regarding the formation of a consortium to make an offer for the entire issued share capital of Scottish & Newcastle plc. An offer, if made, is likely to be in cash.
It is currently intended that Heineken will ultimately assume control of Scottish & Newcastle's business in the UK and other European markets and that Carlsberg will ultimately acquire Scottish & Newcastle's interest in BBH, France and Greece.
To date no formal approach has been made to Scottish & Newcastle and there can be no certainty that an offer for Scottish & Newcastle will ultimately be forthcoming.
A further announcement will be made in due course.
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