Due diligence has been finalised and the parties have signed a final agreement, which has also been approved by the Turkish authorities, the Competition Board and the Foreign Investment Board.
As majority shareholder Carlsberg Breweries is obliged under Turkish law to issue a public tender for the remaining share capital. Carlsberg Breweries has 15 days to decide the share price and work out the conditions for the public tender.
ORK - Carlsberg Breweries A/S signs final agreement on purchase of majority shareholding in Türk Tuborg, Turkey
| Source: Orkla ASA