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
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