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Companies / Estonia

Carlsberg To Fully Take Over Saku

August 2008 | Company News Alert

Estonia's leading brewer Saku Õlletehas will soon be fully taken over by Danish brewer Carlsberg, which already owns 92% of the firm. Saku's shareholders have endorsed the takeover, as the firm has applied to de-list from the Tallinn stock exchange. Carlsberg will purchase the remaining shares for EEK194 (US$18) per share, according to both brewers, as a part of Carlsberg's strategy to consolidate its position in the CEE markets.

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