MBO may be on cards at Beamish

A MANAGEMENT buyout at the Beamish & Crawford brewery in Cork could be the final resolution to concerns raised by the Irish Competition Authority to Heineken’s proposed €10.5 partial billion takeover of Scottish & Newcastle.

The Irish Competition Authority has asked for Heineken’s proposed partial takeover of Scottish & Newcastle& to be referred to it for investigation once the EU Commission’s competition division has concluded its initial review into the deal next month.

Heineken and Carlsberg reached agreement, earlier this year, to buy S&N, which owns Beamish & Crawford in Cork, for €10.5 billion.