britain
Marston's, a British pub and hotel operator, announced Monday a binding agreement to sell the whole of its 40% interest in brewing joint venture, Carlsberg Marston's Limited or CMBC, to a subsidiary of Carlsberg for £206 million ($263 million) in cash. With the sale of its remaining non-core brewing assets, the company now will be a pure play hospitality business entirely focused on pubs. The Board of Marston's has unanimously approved the deal, which is expected to be completed before the end of September 2024. Marston's plans to use the net proceeds to de-leverage, including paying down the ...
DPA International
Marston's, a British pub and hotel operator, announced Monday a binding agreement to sell the whole of its 40% interest in brewing joint venture, Carlsberg Marston's Limited or CMBC, to a subsidiary of Carlsberg for £206 million ($263 million) in cash. With the sale of its remaining non-core brewing assets, the company now will be a pure play hospitality business entirely focused on pubs. The Board of Marston's has unanimously approved the deal, which is expected to be completed before the end of September 2024. Marston's plans to use the net proceeds to de-leverage, including paying down the ...
DPA
Marston's, a British pub and hotel operator, announced Monday a binding agreement to sell the whole of its 40% interest in brewing joint venture, Carlsberg Marston's Limited or CMBC, to a subsidiary of Carlsberg for £206 million ($263 million) in cash. With the sale of its remaining non-core brewing assets, the company now will be a pure play hospitality business entirely focused on pubs. The Board of Marston's has unanimously approved the deal, which is expected to be completed before the end of September 2024. Marston's plans to use the net proceeds to de-leverage, including paying down the ...
DPA Breaking News
Britvic, a British producer of soft drinks, on Monday reported a rise in revenue for the third quarter. For the third quarter, the company posted a revenue of £502.9 million ($643 million), up 6.3% from the same period last year, with a 2.2% volume growth and positive price mix. In Britain, revenue grew 6.6% from the prior year, with both the retail and hospitality channels in growth. In Brazil, revenue increased 48.1% from the last year, helped by growth from the existing brand portfolio and continued acceleration in energy following the Extra Power acquisition. For the year-to-date period, t...
DPA Breaking News
Danish brewery group Carlsberg and Britvic, a British producer of soft drinks, on Monday said they have agreed on the terms whereby Carlsberg's unit Carlsberg UK Holdings Limited will acquire Britvic for an enterprise value of about £4.1 billion ($5.2 billion) to be paid in cash. The acquisition values at nearly £3.3 billion on a fully diluted basis. Carlsberg plans to create a single beverage company in the UK, to be named Carlsberg Britvic. The company intends to take advantage of the highly synergistic relationship between beer and soft drinks, including within the areas of procurement, pro...
DPA
Danish brewery group Carlsberg and Britvic, a British producer of soft drinks, on Monday said they have agreed on the terms whereby Carlsberg's unit Carlsberg UK Holdings Limited will acquire Britvic for an enterprise value of about £4.1 billion ($5.2 billion) to be paid in cash. The acquisition values at nearly £3.3 billion on a fully diluted basis. Carlsberg plans to create a single beverage company in the UK, to be named Carlsberg Britvic. The company intends to take advantage of the highly synergistic relationship between beer and soft drinks, including within the areas of procurement, pro...
DPA International
German business representatives are urging the new British government to make significant investments, stating that the UK has an "investment backlog." Bernd Atenstaedt from the German Industry UK lobby group told dpa that he hopes Prime Minister Keir Starmer's new Labour government would expand infrastructure, improve education, and reduce bureaucracy. The centre-left Labour Party won the UK election on Thursday, replacing the Conservative Party, which had been in government for 14 years. Atenstaedt emphasized the need for better school education and long-term dual vocational training, noting...
DPA Breaking News
Danish brewery group Carlsberg and Britvic, a British producer of soft drinks, on Monday said they have agreed on the terms whereby Carlsberg's unit Carlsberg UK Holdings Limited will acquire Britvic for an enterprise value of about £4.1 billion ($5.2 billion) to be paid in cash. The acquisition values at nearly £3.3 billion on a fully diluted basis. Carlsberg plans to create a single beverage company in the UK, to be named Carlsberg Britvic. The company intends to take advantage of the highly synergistic relationship between beer and soft drinks, including within the areas of procurement, pro...
DPA Breaking News
New British Foreign Secretary David Lammy met with German Foreign Minister Annalena Baerbock in Berlin on Saturday, a day after he assumed office following the British elections. Baerbock called the United Kingdom "an indispensable part of Europe." "Whether in science, culture or security (...) we work closely together," the top German diplomat said in a post on X. "Together with the new British government, we are examining how the UK can move closer to the #EU again," Baerbock added. Lammy had already ruled out a British return to the EU or the customs union before taking office. Following La...
DPA Breaking News
Controversial influencer Andrew Tate and his brother Tristan, who are facing trial over human trafficking and sexual assault allegations in Romania, are free to leave the country but not the EU, a Romanian court ruled Friday. A lawyer for the brothers confirmed the decision to Romanian news outlet libertatea.ro. The decision is not yet legally binding and the public prosecutor's office can appeal against it. The Tate brothers and two suspected accomplices are accused of having forced young women to participate in commercial sex videos. Romanian authorities have identified seven victims, three ...
DPA Breaking News
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