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Brewer sure of S&N deal

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Published Date: 18 March 2008
BREWING giant Carlsberg has moved to reassure investors that it is "not in the least worried" about its ability to finance its takeover of Scottish & Newcastle.
The Danish firm teamed up with Dutch partner Heineken to offer £7.8 billion for the Edinburgh brewer.

The credit crunch had led to fears that the consortium would have difficulty coming up with the funds.

It is to issue £3.5 billion of equity to finance the deal in the autumn and has arranged to borrow from BNP Paribas, Danske Bank, Lehman Brothers and Nordea.





The full article contains 98 words and appears in Edinburgh Evening News newspaper.
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  • Last Updated: 18 March 2008 10:37 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
  • Related Topics: Scottish and Newcastle
 
 

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Today's Vote

Is Scottish & Newcastle right to end the beer voucher scheme for ex-employees?
Yes, it’s a business and needs to save money where it can
No, they should get some reward for their loyalty to S&N
Yes, giving away free alcohol is just irresponsible

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