Business Services Industry
Belgian Beer Company to Buy Germany-Based Brand Beck's.
Knight Ridder/Tribune Business News, August, 2001
Evening Standard, London Knight Ridder/Tribune Business News
Aug. 6--Belgian beer group Interbrew has won the international beer battle to buy privately-owned German beer brand Beck's in a deal worth Dm3.5 billion (UKpound 1.1 billion), writes Malcolm Withers.
The Belgians have beaten off Scottish & Newcastle and Anheuser-Busch, the US brewer of Budweiser.
Interbrew won exclusive negotiating rights when it submitted a bid worth UKpound 1 billion three weeks ago. Brauerei Beck had hired Goldman Sachs at the beginning of June to carry out a strategic review of all its options ranging from alliances or joint ventures to outright acquisition.
Earlier, shareholders in the German company rejected a plan for flotation because of adverse...
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