6/19/2000 13:30 

  • Carlsberg A/S has reached an agreement regarding the sale of its shareholding in Tivoli to Skandinavisk Tobakskompagni A/S and Chr. Augustinus Fabrikker Aktieselskab.
     
  • The shareholding will be sold at a price of DKK 1,550 per share.
     
  • Skandinavisk Tobakskompagni A/S and Chr. Augustinus Fabrikker Aktieselskab will underwrite a share issue in Tivoli, which is expected to raise DKK 175 million.
     
  • A press conference will be held on 19th June at 13.00 o'clock in Tivoli, Restaurant Nimb, entrance through Tivoli.

Carlsberg has reached an agreement with Skandinavisk Tobakskompagni A/S and Chr. Augustinus Fabrikker Aktieselskab on the sale if its shareholding in Kjøbenhavns Sommer-Tivoli (Tivoli). The shareholding, which consists of 198,627 shares, represents 43.43% of the share capital in Tivoli.

The shares will be acquired at a price of DKK 1,550 per share. Skandinavisk Tobakskompagni A/S will acquire 114,334 shares, representing 25% of the share capital in Tivoli. Chr. Augustinus Fabrikker Aktieselskab will acquire 84,293 shares, representing 18.43% of Tivoli's share capital.

At a later stage in order to support Tivoli's development, Skandinavisk Tobakskompagni A/S and Chr. Augustinus Fabrikker Aktieselskab will seek to carry-out a fully-underwritten issue of shares in Tivoli, which is expected to raise around DKK 175 million. The money will be invested in developing Tivoli's unique concept.

As part of the agreement, the buyers are required to hold a meeting with Tivoli's board, before Friday, June 23, in order to confirm certain accounting and financial conditions.

After the acquisition, Skandinavisk Tobakskompagni A/S and Chr. Augustinus Fabrikker Aktieselskab will put an identical offer to purchase to all other shareholders in Tivoli. It is the hope of Skandinavisk Tobakskompagni A/S and Chr. Augustinus Fabrikker Aktieselskab that the other shareholders in Tivoli will chose to remain shareholders in Tivoli.Den Danske Bank has already stated it will keep its shares in Tivoli.

Skandinavisk Tobakskompagni A/S and Chr. Augustinus Fabrikker Aktieselskab have agreed with Niels Eilschou Holm and Hans Skov Christensen, that they will continue to act as chairman and deputy chairman of Tivoli's supervisory board after Skandinavisk Tobakskompagni A/S and Chr. Augustinus Fabrikker Aktieselskab's acquisition of Carlsberg A/S' shareholding.

Ends.

For further information contact:
President and Group Chief Executive Flemming Lindeløv
Carlsberg A/S
Tel: + 45 33 27 33 27

Public Affairs Manager Margrethe Skov Carlsberg A/S Tel: + 45 33 27 14 10