Scottish and Newcastle moves to block takeover

BREWER Scottish & Newcastle is reportedly plotting to sell the holding company behind one of its prized assets to block a potential hostile takeover by Carlsberg and Heineken.

Scottish and Newcastle moves to block takeover

The Foster’s and Kronenbourg 1664 brewer is believed to be planning to offload Finnish company Hartwall, which holds S&N’s 50% stake in Russian beer business Baltic Beverages Holding (BBH).

BBH is S&N’s joint venture with suitor Carlsberg and is seen as being a key attraction to the potential bidders.

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