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Denmark: Carlsberg nabs Greek beer assets

By  |  November 18, 2014

Denmark-based beer conglomerate Carlsberg is boosting its share of the Greek beer market with its latest takeover, say reports.

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    The company recently announced plans to acquire Olympic Brewery, an acquisition that will pump the company into Greece’s number-two spot in the beer industry behind Heineken. According to reports, Carlsberg will acquire a 51 percent stake in Olympic Brewery, leading to a 29 percent of Greece’s market share.

    The Hellenic Competition Commission must first approve of the transaction, the companies said Tuesday.

    This isn’t the first time Carlsberg has pursued Greek assets; according to reports, the company has already acquired Mythos Brewery.

    Full content: Greek Reporter

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