Nordic connection I
On 1 June Carlsberg tightened its grip on the Nordic beer market by taking over Orkla’s brewing interests in an all-share deal worth an estimated DKr10 billion (US$1.25 billion). Orkla ASA, one of the leading Norwegian groups with interests ranging from branded goods to media, chemicals and financial investments, and Carlsberg will pool their brewing interests in a new Danish company called Carlsberg Breweries. It will be owned 60% by Carlsberg and 40% by Orkla. The number of employees will be 27,000. Carlsberg Breweries will have a total annual production of about 54 million hl beer, an estimated turnover of DKr23 billion (US$2.9 billion) and an operating profit of DKr2 billion (US$250 million). Last year Carlsberg’s beer activities generated operating revenues of DKr16.6 billion (US$2..
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