The Board of Hansa Borg Bryggerier ASA in Norway is to recommend to the Annual General Meeting on May 4 that the company issues NKK166.7 million of new shares with the intention that Carlsberg takes 25 per cent of Hansa's share capital.
Hansa plans a listing on the Oslo Stock Exchange before the summer.
Hansa has been responsible for brewing and marketing Tuborg in Norway for many years. Carlsberg's investment will extend the excellent co-operation in the beer market and support the co-operation with Coca-Cola Drikker in production, distribution and sale of soft drinks. Carlsberg owns 51 per cent of Coca-Cola Nordic Beverages, which owns Coca-Cola Drikker A/S in Norway.
"We are very satisfied with the sales of Tuborg in Norway and our co-operation with Hansa. An even closer co-operation will strengthen both Carlsberg's and Hansa's position on the Norwegian market and contribute to greater competitiveness. The continued co-operation with Coca-Cola will ensure rational production and distribution," said Carlsberg Group managing director, Nils S. Andersen.
"I hope the annual general meeting will approve Carlsberg's entrance as shareholder in Hansa," he added.
Hansa Borg Bryggerier ASA was formed following the merger of Hansa Bryggeri and Borg Bryggerier in 1997. Last year the merged company bought Christianssands Bryggeri. In 1999, Hansa had a turnover of NKK1.3 billion, after excise duty and value added tax, and pre-tax profits of NKK64 million. It has a market share of around 28 per cent.
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