S&N Drops Courage To Improve Lager Focus

January 2007 | Company Finance Alert

The UK's leading brewer Scottish & Newcastle (S&N) has sold a majority stake in its 220-year-old Courage cask ale business to Wells & Young's Brewing Company in a deal worth an estimated GBP10mn. The acquisition marks Wells & Young's first purchase since its formation via the merger of breweries Charles Wells of Bedford and Young & Co's Brewery of London, while for S&N it is a clear signal of belief that its future lies in its international lager

If you would like to subscribe to Western Europe Food and Drink Insight and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Western Europe Food and Drink Insight please click on the trial link below.