E-Malt.com News article: Denmark & Russia: Carlsberg submits buy-out offer for Baltika Breweries minority stakes

Danish brewer Carlsberg has submitted to the Russian authorities a buy-out offer for minority stakes in its Russian unit Baltika Breweries, Carlsberg said on May, 15.

Carlsberg, which controls Baltika Breweries with 84.55 percent of the stock, had said in its 2011 annual report in February that it would make an offer to Baltika's minority shareholders.

It has now submitted the offer to the Russian Federal Financial Markets Service for approval, Carlsberg said in a statement.

"The contents of the voluntary offer will be published in due course," Carlsberg said.

16 May, 2012