Carlsberg A/S (CARL-B.CO, CABGY.PK) Tuesday updated on its plans to buyout Russia-based Baltika Brewery (PKBA.ME) and said Baltika's supervisory board would decide on delisting Baltika from the Russian stock exchange. Further, the delisting was not connected to the buyout, Carlsberg added.
In its announcement of February 20, 2012, Carlsberg revealed its intentions to make a voluntary offer for the remaining shares of Baltika by May 2012. Currently, Carlsberg's holding in Baltika is about 85 percent.
by RTT Staff Writer
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