logo
Share SHARE
FONT-SIZE Plus   Neg

Carlsberg To Delist Baltika Irrespective Of Voluntary Offer - Quick Facts

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

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

25 Articles
Editors Pick
French energy giant Total SA announced Monday that it has agreed to acquire E&P company Maersk Oil & Gas A/S, a unit of A.P. Moller-Maersk A/S, in a $7.45 billion share and debt transaction. Under the agreed terms, the Denmark-based shipping and oil company will receive a consideration of $4.95 billion in Total shares. A.P. Moller-Maersk shares were gaining around 4 percent. Cable-cutters have now one more reason to do so as live television streaming will be available on YouTube TV in 14 more markets in the U.S. Facebook Chief Operating Officer Sheryl Sandberg has donated nearly $100 million in Facebook shares to charity. This is her second charitable donation within a year. A document was filed on Thursday with the Security and Exchange Commission, which shows that Sandberg transferred shares to a special fund she uses for charitable donations.
comments powered by Disqus
Follow RTT