Heineken to bid for Scottish & Newcastle

Heineken plans to form a consortium with Danish rival Carlsberg to take over British brewer Scottish & Newcastle.

Heineken wants the activities of the British company in the UK and other European markets. Carlsberg has its eyes on the brewer’s interests in Russia, France and Greece.
Scottish & Newcastle is currently valued at around £6bn (€8.6bn) on the London stock exchange. Its shares rose almost 19% on Wednesday when the news broke.
If an offer is made it is likely to be in cash, and the sum offered could be in the region of £9bn (€13bn), according to market analyst Marcel Hooijmaijers of Kepler Securities.
Heineken’s own share price leapt by 4.5% on the Amsterdam market when the takeover news emerged.

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