The Board of Baltika Breweries (Baltika) has today announced plans to pass a
resolution to reduce its issued share capital by buying back and cancelling
shares.
Baltika is majority owned by Baltic Beverages Holding (BBH) - a 50:50 joint
venture between Carlsberg and Scottish & Newcastle.
The attached announcement from Baltika provides further details of the proposed
buy back.
BBH has indicated to the Board of Directors of Baltika its intention to
participate in the buy back so that its current proportion of shares in Baltika
will not increase as a result.
Contacts:
Media Jens Peter Skaarup +45 3327 1417
Investors Iben Steiness +45 3327 1232
