Carlsberg and Heineken announce interest in S&N

Carlsberg and Heineken have announced that they have joined forces to make a multi-billion pound offer for UK brewer Scottish & Newcastle, which owns brands including, Newcastle Brown Ale and Kronenbourg.

In a statement to the London Stock Exchange, Carlsberg said: “Carlsberg and Heineken confirm that they are in discussions regarding the formation of a consortium to make an offer for the entire issued share capital of Scottish & Newcastle. An offer, if made, is likely to be in cash.”

The Danish company added warned that any deal would take time to formulate saying: “To date no formal approach has been made to Scottish & Newcastle and there can be no certainty that an offer for Scottish & Newcastle will ultimately be forthcoming.”

If a bid were to take place, Dutch brewer Heineken would manage S&N brands in the UK, with Carlsberg overseeing European operations.

Shares rose following the news and saw the company valued £7.3bn.

John Dunsmore recently replaced Tony Froggatt as S&N chief executive; Froggatthad been expected to oversee any buy-out. The news casts doubt on the security of both Dunsmore and S&N marketing chief Sarah Warby, who was appointed UK marketing director in July, and her team.

Latest from Marketing Week

NOT REGISTERED? IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now

THE BEST CONTENT

Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email customerservices@marketingweek.com

If you are looking for our Jobs site, please click here