by Associated Press Carlsberg unit merges with Greek Olympic Brewery Associated Press - 18 November 2014 07:04-05:00 COPENHAGEN, Denmark (AP) — In a move to bolster its position in Greece, Carlsberg says its local brewer will merge with Greek beer-maker Olympic Brewery and hold a 51-percent share in the new company. Carlsberg, a Danish company, said Tuesday that the two breweries combined would hold a market share of about 29 percent in Greece. Carlsberg already fully owns the Mythos Brewery, Greece's third-largest. Carlsberg CEO Joergen Buhl Rasmussen said Tuesday that the merger would make it "a strong number two player" in Greece, after the Heineken-owned Athenian Brewery. No financial information was given about the deal, which is subject to Greek regulatory approvals. News Topics: Business, Mergers and acquisitions, Brewery operation, Alcoholic beverage manufacturing, Ownership changes, Corporate news, Beverage manufacturing, Food, beverage and tobacco products manufacturing, Consumer product manufacturing, Consumer products and services, Industries People, Places and Companies: Denmark, Greece, Western Europe, Europe Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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