Tag: $Carlsberg Group

Carlsberg green up pointing triangle agreed to sell its Russian Baltika Breweries business, ending a long-running legal dispute sparked after the Russian government seized control of the business.

Danish brewer Carlsberg on Tuesday lifted its forecast for full-year operating profit growth despite posting weaker-than-expected sales for the second quarter hit by bad June weather.

 Carlsberg has agreed to buy British soft drinks maker Britvic for 3.3 billion pounds ($4.23 billion), a move the Danish brewer said would forge a UK beverage “powerhouse” and that sent both companies’ shares higher.

Carlsberg shares were on course for their largest single-day decline in more than four years on Friday after the British soft drinks maker Britvic said it had rejected the Danish brewer’s £3.11 billion ($3.9 billion) takeover proposal.

Carlsberg said late Sunday that the Russian government has taken control of its Russian Baltika Breweries business.