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S&N ruling deadline extended
THE European Commission has extended the deadline it had given itself to sanction Dutch beer giant Heineken's takeover of parts of Scottish & Newcastle's business.
Originally the deadline was set at March 18 but has now been pushed back to April 4 after Ireland asked that the part of the takeover involving business within its territory be referred to it.
The Edinburgh-based brewer has agreed a 7.8 billion takeover by Danish beermaker Carlsberg and Heineken.
The pair plan to carve up S&N, with Carlsberg securing outright control of Russia-based brewer BBH, in which it had shared a joint venture with S&N.
Heineken will land S&N's domestic business, along with its operations in other European markets such as Belgium, Portugal and Ireland, plus its US and Indian businesses.
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Saturday 26 May 2012
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