Carlsberg Group buys Waterloo Brewing

The brewing company Waterloo Brewing has announced that it has signed an agreement with the Carlsberg Group, under which the Danish multinational company has agreed to buy all the shares of Waterloo Brewing for approximately 100 million euros.

The offer represents a 19.4 percent premium to the December 14 closing price of Waterloo Brewing's shares on the Toronto Stock Exchange, and the company's board of directors unanimously approved the sale. “We have enjoyed a close relationship with Carlsberg and are delighted to become part of one of the world's largest brewing companies,” Geroge Croft the Waterloo Brewing president and CEO said in a statement.

Source: Waterloo Brewing

 

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