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S&N sale set for the summer.
(From Off Licence News)
Byline: Rebecca Evans
Carlsberg and Heineken's takeover of Scottish & Newcastle could be completed by early summer, according to S&N chief executive John Dunsmore.
Speaking at S&N's full-year financial results conference, held on Feb 19, ADunsmore said: "Scheme documents will be published in the next few weeks, with completion in the second quarter. In the meantime, it remains very much business as usual." Last month, Scottish & Newcastle's board recommended its shareholders accept an 800p-per-share offer from the Carlsberg/Heineken consortium.
If the deal goes through as expected, Dutch brewer Heineken will take control of S&N's UK operations, as well as its Irish, Portuguese, Finnish, Belgian, US and Indian operations.
In its annual results statement, ...
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