Marston’s has announced plans to merge its brewing arm with Carlsberg UK, creating a joint venture worth about £780 million (US$949.1 million).
The move, the latest in a series of deals within the UK beer industry, will establish the Carlsberg Marston’s Brewing Company.
The Wolverhampton-based firm will own a 40% stake of the joint venture and receive a cash payment of as much as £273 million, it said.
Last week, Marston’s secured a £70 million (US$85.2 million) short-term loan to help it through the pandemic, which has forced its pubs to shut.
The firm’s brewing assets, which include the Hobgoblin and Lancaster Bomber brands, were valued at up to £580 million (US$705.7 million), with Carlsberg UK’s brewing division valued at £200 million (US$243.3 million).
Full Content: BBC
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI