Carlsberg snubs banks to land €1bn Holsten deal

Carlsberg Breweries, the Danish brewer, used its in-house mergers and acquisitions team to advise it on its planned €1bn (1.25bn) acquisition of German rival Holsten.

Carlsberg, which is owned by a family foundation, will launch a €38 per share tender offer for 51% of Holsten held by Germany's Eisenbeiss family and other shareholders within the next four weeks and will use Deutsche Bank to prepare the legal and technical documentation.

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