Molson linked to Cobra bid

20 April, 2009

Molson Coors is the latest name to be linked with a possible purchase

of Cobra Beer

.

The brewer is said to be considering a joint bid with American

investor Wilbur Ross. Molson Coors is thought to be interested in

Cobra’s UK assets while Ross is investigating the merits of acquiring

the Indian side of the business.

Diageo and SABMiller have also been linked to bids for Cobra but so

far Lord Bilimoria’s company has failed to find a suitor.

The Financial Times believes Bilimoria wants £185 million for the

company, which achieves 71 per cent of its sales volumes in the UK.

Molson Coors and Ross have not commented on the latest speculation.




Bookmark this


Site Search

COMMENT

Richard Hemming MW: beware inverse snobbery

Few things can bring communal pleasure so intimately as wine. Apart from a hot tub, perhaps. Sport can trigger mass jubilation, film gives us shared empathy, but wine has a nigh-unique ability to bestow conviviality among us through a shared bottle – which makes it especially galling that we spend so much time divided over it.

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter