Scottish & Newcastle calls in private equity reinforcements

UK brewer Scottish & Newcastle has called on private equity firms to help defend it from takeover attempts by rivals Carlsberg and Heineken, a move that is likely to become more common as large buyout houses regroup during the current lull in large buyouts.

The Edinburgh-based brewer is understood to have held talks with buyout groups TPG and The Blackstone Group over selling a stake in its Russian joint venture to push up the company’s valuation.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached