E-Malt.com News article: 914

The British brewing group, Scottish & Newcastle (S&N), is to acquire full control of the Portuguese beer company, Central de Cervejas, in which it already owns 49% participation, UK media reported. According to sources, S&N is set to pay GBP 100 million for the remaining 51% in the company, with that figure including a control premium. It paid GBP 90.6 million for the 49% it acquired in August 2000. “The deal will be funded through debt and analysts have suggested that this could put further pressure on S&N to reduce its dividend,” according to sources.

15 April, 2003