As the deadline ticks down for brewer Carlsberg to acquire joint
venture partner Scottish & Newcastle, both companies are going
for the jugular in a battle that may significantly shake up the
status quo of European brewers.
Increasing profitability within the beer markets of Eastern Europe
could further complicate the battle between Scottish &
Newcastle and Carlsberg for control of their regional joint venture
Baltic Beverages Holding (BBH).
Baltic Beverages Holding (BBH) will invest in a new brewery in
Tashkent, describing the move as part of the company's strategy of
entering into emerging markets.
The completion of its nationwide distribution network and increased
investment in advertising helped brewer Baltic Beverages Holding to
shrug off a difficult first half for its Russian brewing business
and end the year with an increase...
Baltic Beverages Holding, the 50-50 joint venture between Hartwall
and Carlsberg, has taken a 76 per cent stake in the Kazakhstan
brewery Irbis - a move which will help improve BBH's already
considerable influence on results...