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Holsten Faces Delisting After Carlsberg Takeover

March 22, 2004
https://p.dw.com/p/4ozF

German brewer Holsten could be taken off the stock exchange if rival Carlsberg goes ahead with a "squeeze out" campaign after buying 88.87 percent of Holsten before the official takeover ended at noon on Friday. The German financial newspaper Börsen Zeitung wrote over the weekend that Danish beer giant Carlsberg had passed its target in its takeover of Holsten, which had been set at 75 percent. If the Danish firm manages to acquire 95 percent of the German company, the paper reported, Holsten would be delisted from the stock exchange and become an in-house name at Carlsberg.