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Wednesday, 4th November 2009 Change Date Latest Issue

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.





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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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