Carlsberg buys more breweries
Through its Polish subsidiary, Okocim, Carlsberg Breweries has bought two Polish breweries: Bosman and Kasztelan, both owned by Germany’s Bitburger beverage group. In addition, Carlsberg Breweries has acquired a majority stake in the Piast brewery through the Dutch holding company Dyland. The plan is to merge the newly acquired breweries with Okocim. The annual value of synergies of the merger is expected to exceed DKK120m according to a company statement. Carlsberg Breweries aims at achieving an EBIT of 10% in its Polish operations in 2003. Subject to approval by Polish authorities and the general assemblies of both Okocim and Piast, Carlsberg Okocim will have the following shareholding structure: Carlsberg Breweries 67%, Bitburger 18%, minority shareholders 15%..
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