Carlsberg, Heineken ready to divvy up brewer S&N

Article Abstract:

Scottish and Newcastle PLC has accepted a $15.42 bil joint bid from brewers Heineken N.V. and Carslberg A/S, which plan to break up the Edinburgh-based company. Heineken will assume control of operations in the United Kingdom, the US, India, and some European markets, while Carlsberg will obtain the 50% of S&N it does not already own and take control of operations in China, France, Greece, and Russia.

Acquisitions & mergers, Denmark, Netherlands, Mergers, acquisitions and divestments, Carlsberg A/S, Company acquisition/merger, Heineken N.V.

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SABMiller issues cautious view

Article Abstract:

First-half net profit for UK brewer SABMiller PLC rose 21% to $958 mil, while revenue increased by 15% to $10.78 bil. However, SABMiller officials cautioned that the rising costs of raw materials may negatively impact second-half net profit.

Sales, profits & dividends, Forecasts, trends, outlooks, United Kingdom, Company sales and earnings, Company earnings/profit, Company business forecast/projection, Company forecasts, SABMiller PLC, Financial report

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