Orkla and Carlsberg form global beer company
Carlsberg Breweries will have a total turnover of DKK 23 billion and approximately 27,000 employees. Under the agreement between Orkla and Carlsberg, Orkla will transfer Pripps Ringnes to the new company Carlsberg Breweries, which comprises all of Carlsberg’s beer activities and wholly-owned mineral water and soft drink activities. In payment for the transfer, Orkla will receive shares in Carlsberg Breweries. Orkla will retain its 20.38 per cent stake in Hartwall, the largest Finnish beverages company.
When this transaction has been finalised, 60% of Carlsberg Breweries will be owned by Carlsberg A/S and 40% by Orkla. The new company will consist of all Carlsberg’s beer activities related, among other things, to the Carlsberg and Tuborg brands, including equity interests in wholly and partly-owned subsidiaries, joint ventures, associated companies and licensing activities, as well as Carlsberg’s soft drink and mineral water activities that do not form part of Coca Cola Nordic Beverages (CCNB). Furthermore, Carlsberg Breweries will comprise all activities that are currently organised under Pripps Ringnes, including Pripps Ringnes’ 50% stake in Baltic Beverages Holding AB (BBH).
Based on the last annual accounts, the businesses now being amalgamated in Carlsberg Breweries posted an aggregate operating profit of approximately DKK 2 billion.
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