1/2/2001 11:00 

Carlsberg Breweries in Finland

The Finnish competition authorities have given conditional approval to Carlsberg A/S and Orkla ASA to establish Carlsberg Breweries A/S, which will be owned 60 per cent by Carlsberg A/S and 40 per cent by Orkla.

The authorities have requested that Orkla sells its shareholding in Oyj Hartwall Abp, which is Finland's largest brewery and owns 50 per cent of Baltic Beverage Holding (BBH).

In addition:

  • Carlsberg A/S and Orkla ASA accept that Carlsberg Breweries A/S shall not use its 50 per cent shareholding in BBH to influence Oyj Hartwall Abp and therefore the competitive situation on the Finnish market
  • Carlsberg A/S shall discontinue its licence agreement with Oyj Hartwall Abp regarding brewing and selling of Tuborg on the Finnish market
  • AB Pripps Bryggerier shall discontinue its agreement with Oyj Hartwall Abp regarding export of Ramlösa and its licence agreement regarding Pommac
  • AB Pripps Bryggerier shall discontinue its agreement with Oyj Hartwall Abp regarding distribution of Lapin Kulta in the Swedish market

Should the above not be fulfilled, Carlsberg Breweries A/S must carry through one of the following three alternatives:

  • Carlsberg Breweries A/S shall sell its 50 per cent shareholding in BBH
  • Carlsberg Breweries A/S shall buy the 50 per cent in BBH held by Oyj Hartwall Abp
  • Carlsberg Breweries A/S shall sell its Finnish brewery Oy Sinebrychoff Ab.

Carlsberg A/S and Orkla ASA accept the decision of the Finnish authorities.

With the Finnish approval, Carlsberg A/S and Orkla ASA have received approval from all relevant competition authorities and can now formally establish Carlsberg Breweries A/S. The parties expect to finalise the process during January 2001.
 

Further information

Public Affairs Manager Margrethe Skov
Phone: +45 33 27 33 27