Brewers Carlsberg and Heineken will buy beermaker Scottish & Newcastle for $15.3 billion, the companies said Friday.
Scottish & Newcastle PLC, which rejected two earlier bids, agreed to an all-cash offer of $15.68 per share. The offer values the existing shares of S&N at $14.9 billion.
If the deal goes through, Copenhagen-based Carlsberg A/S would gain sole ownership of Baltic Beverages and S&N’s French, Greek and Chinese operations, while Amsterdam-based Heineken NV would take control of its British, American, Indian and other markets.
Baltic Beverages operates 19 breweries, holding the top position in the Russian, Baltic and Kazakh beer markets, and ranks third in Ukraine. Its brands include Baltika, Arsenalnoe, Slavutich and Alma-Ata.
