Support The Moscow Times!

Carlsberg Ups Baltika Stake

Danish brewer Carlsberg said Tuesday that its ownership of Baltika Breweries had risen about 12 percentage points to 96.77 percent, satisfying the conditions of its buyout offer, which expired on August 9.

Carlsberg said in a statement that it would squeeze out remaining minority shareholders as soon as the administrative steps for the compulsory purchase are in place.

Carlsberg submitted the voluntary offer for the rest of Baltika in May and said last month that the MICEX stock exchange had approved the delisting of Baltika Breweries.

(Reuters)

Related articles:

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.