New Drink Industry Fears As Tennent's 'for Sale' Owner Urged to Come Clean On Plans for Wellpark Brewery

The HeraldJuly 20, 2009

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Summary


ONE of Scotland's most famous breweries and beer brands has been earmarked for sale as its owners try to reduce their debt burden .

Tennent's Wellpark brewery in Glasgow could be sold to recoup some of the GBP31.8bn merger deal between Anheuser-Busch and InBev, which created its parent company last November. It was reported yesterday that investment bank Lazard had been appointed to find potential buyers for the business, which has around 60per cent of the Scottish lager market and is valued by industry experts at GBP86m.

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New Drink Industry Fears As Tennent's 'for Sale' Owner Urged to Come Clean On Plans for Wellpark Brewery

Although there's no suggestion that any of the 300 jobs at Wellpark are at risk, the proposed sale has raised concerns over the future of par...

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