The acquisition values the beverage group at NOK 3.3 billion.
The case is being updated.
Danish Royal Unibrew has agreed to buy 75 percent of the shares in Hansa Borg Breweries, and thus becomes the sole owner of the group.
The acquisition values the entire Hansa Borg at 3.3 billion Norwegian kroner, according to a press release from Unibrew.
– Hansa Borg Breweries has for several years been owned 75 percent by Borg Invest and 25 percent by Royal Unibrew, says Borg Invest’s chairman Thor Bendik Weider in a statement.
– The company is today well positioned for further growth, and we believe that Royal Unibrew is a strong and long-term industrial owner who can take the business to the next phase. The transaction gives us the opportunity to continue to be involved as more indirect owners, as the payment will mainly be in Royal Unibrew shares.
Settlement in shares
10 percent of the settlement, or NOK 231 million, is made with cash. The rest will be paid for with around 2.2 million Royal Unibrew shares. Of this, 1.4 million new shares will be issued.
The acquisition must receive regulatory approval, and the parties expect it to take place during the first half of this year.
Royal Unibrew is listed in Denmark. The company had sales of NOK 10.5 billion in 2020, and has, among other things, licensed brands from Heineken and PepsiCO in Northern Europe.
Hansa Borg is, in addition to the Hansa and Borg brands, behind CB, Grevens. It also has ownership in Olden and Nøgne Ø. The group had sales of around 1.1 billion in 2020.