The investment bank, Credit Suisse First Boston (CSFB), has begun coverage of the second largest Danish brewer, Bryggerigruppen, rating it as "outperform". CSFB said the company was a possible takeover target. "Although Scandinavian beer markets are in decline and the growth profile of the Baltics is slowing, we believe there are positive drivers for the company," CSFB said. Bryggergruppen holds a 15% share of the domestic beer market. The company also activates in Lithuania, Italy and Germany.

12 September, 2003