 Russian beer Baltika is one of BBH's brands |
Scottish & Newcastle has said it would benefit by �100m a year if it took full control of BBH, the Russian brewer it jointly owns with Carlsberg. The UK brewer's comments came as it submitted a claim to an arbitration tribunal, which will decide if S&N can acquire Carlsberg's 50% stake in BBH.
S&N is currently fighting a takeover approach from Heineken and Carlsberg.
S&N says Carlsberg's involvement in the bid move breaches the joint deal on BBH and allows it to buy Carlsberg out.
Carlsberg has previously said that S&N's claims on BBH had "no merit".
Bitter battle
The Heineken-Carlsberg consortium has made a 750p-a-share approach for S&N, an offer that the UK brewer has rejected as "wholly inadequate".
The UK's Takeover Panel has issued a deadline of 21 January for the Heineken-Carlsberg group to make a formal bid.
If the consortium is successful in its bid for S&N, Carlsberg plans to take full control of BBH.
However, S&N is taking Carlsberg to court in Sweden, arguing that by taking part in the bid approach it has triggered a clause in the BBH agreement that allows the wronged party to buy out the other firm's shares in BBH at a fair market price.
In its submission to the court, S&N also said that taking full control of BBH would allow it to enjoy cost and revenue benefits of �100m a year.
A decision on the issue is due by 3 July.
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