Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Carlsberg's bid rejected - shares plummet on the stock exchange

Carlsberg's share price falls sharply on the Copenhagen Stock Exchange on Friday after a bid for British Britvic was rejected. Just before 10 am, the Danish company had fallen by over nine per cent.

» Updated: 03 September 2024, 17:48

» Published: 21 June 2024

Carlsberg's bid rejected - shares plummet on the stock exchange
Photo: Janerik Henriksson/TT

Carlsberg's share price falls sharply on the Copenhagen Stock Exchange on Friday after a bid for British Britvic was rejected. Just before 10 am, the Danish company had fallen by over 9 per cent.

The bid corresponds to a valuation of Britvic of 27.4 billion Danish kroner, i.e. over 41 billion Swedish kroner, reports the newspaper Børsen.

On Thursday, the company's market capitalisation was 33 billion Swedish kroner. However, Britvic considers the bid amount too low and says no.

If a new bid is to be made, it must be submitted by 19 July at the latest, writes Carlsberg in a press release.

For Britvic, which had a turnover of over 22 billion Swedish kroner last year, the news was a significant boost on the London Stock Exchange on Friday. The company produces, among other things, international soft drinks such as Pepsi, 7UP and Mountain Dew.

TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Divided on softer amortization requirements
2 MIN READ

Divided on softer amortization requirements

How much the banks lower the mortgage rate
1 MIN READ

How much the banks lower the mortgage rate

Higher costs hit SAS owner
1 MIN READ

Higher costs hit SAS owner

The Union Steps Up the Tesla Strike
1 MIN READ

The Union Steps Up the Tesla Strike

New French obstacles for Airbnb
1 MIN READ

New French obstacles for Airbnb

The Government Seeks Support for Those Affected by Northvolt
1 MIN READ

The Government Seeks Support for Those Affected by Northvolt

The regional tax will be raised next year
1 MIN READ

The regional tax will be raised next year

Astra Zeneca's China Chief Arrested by Police
1 MIN READ

Astra Zeneca's China Chief Arrested by Police

More rate cuts - but risk of turmoil with Trump
2 MIN READ

More rate cuts - but risk of turmoil with Trump

Svantesson: Trump's policy may increase inflation
2 MIN READ

Svantesson: Trump's policy may increase inflation

Major Banks Lower Mortgage Rates
1 MIN READ

Major Banks Lower Mortgage Rates

Central Bank Economist: Central Bank Cuts Interest Rate Too Late
2 MIN READ

Central Bank Economist: Central Bank Cuts Interest Rate Too Late

How You Are Affected by Lowered Interest Rates
2 MIN READ

How You Are Affected by Lowered Interest Rates

Thedéen expects turmoil after Trump's victory
2 MIN READ

Thedéen expects turmoil after Trump's victory

Inflation upswing does not threaten interest rate cuts
3 MIN READ

Inflation upswing does not threaten interest rate cuts

The Stockholm Stock Exchange Closed Up
1 MIN READ

The Stockholm Stock Exchange Closed Up

Most up on Asian stock exchanges
1 MIN READ

Most up on Asian stock exchanges

This is how your wallet can be affected by Trump's victory
2 MIN READ

This is how your wallet can be affected by Trump's victory

Cheerful on Wall Street after Trump win
1 MIN READ

Cheerful on Wall Street after Trump win

Thousand-kronor notes to be picked up when the Central Bank increases the pace
3 MIN READ

Thousand-kronor notes to be picked up when the Central Bank increases the pace