Consolidation to pick up speed
After its decision not to float his company on the stock exchange, Germany’s Karlsberg brewery (not to be confused with Carlsberg, Denmark) has been on the look-out for a partner to buy up to 40 per cent in its domestic beer business. According to Karlsberg’s chief Dr Richard Weber the company was talking to Heineken N.V., Scottish & Newcastle Plc, South African Breweries and Coors Brewing Co about a capital increase. "The contracts should be signed by the end of August," Mr. Weber was quoted as saying.
The injection of hundreds of millions of euros would allow Karlsberg to develop its new beer and designer-drinks unit. In 2001 Karlsberg’s beer operations had sales of €326 million, accounting for some 57 percent of the group’s total turnover, and employed 2,300 people.
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