E-Malt.com News article: Denmark & Russia: Carlsberg’s voluntary offer to Baltika minority shareholders open for acceptance as from June, 1

Carlsberg Group said its voluntary offer to minority shareholders in Baltika Breweries has been submitted to Baltika Breweries.

On May 15, 2012, the Carlsberg Group announced through its fully-owned subsidiary Baltic Beverages Holding Aktiebolag that it had filed the voluntary offer to minority shareholders in Baltika Breweries with the Russian Federal Financial Markets Service.

The voluntary offer is open for acceptance from 1 June until 9 August 2012, both days inclusive. The voluntary offer is conditional upon the Carlsberg Group increasing its ownership to more than 95%.

The acquisition price set in the voluntary offer is RUB 1,550 per share. This offer corresponds to a premium of 26% to the share price at the MICEX Stock Exchange the day prior to February 20, 2012 when the Carlsberg Group made its intentions public.

By achieving 100% ownership of Baltika Breweries, the Carlsberg Group can fully integrate Baltika Breweries into the Carlsberg Group and this will speed up the implementation of decisions and also allow Baltika Breweries to become fully integrated into the back-end operations of the Carlsberg Group which have been accelerated recently.


01 June, 2012