Carlsberg and Marston's merger takes big step forward

This post first appeared on Derby Telegraph. Read the original article.

The major merger between Marston's and Carlsberg UK has taken a big step forward.

Shareholders of Marston's, which houses a brewery in Shobnall Road, Burton, voted in favour of the move, which will see a new company form.

The two brewing giants are set to join forces to create a new firm called the Carlsberg Marston's Brewing Company.

The new business will be a brewing and distribution company, with current Carlsberg UK managing director Tomasz Blawat announced as the chief executive officer.

At a Marston's general meeting held on Thursday, June 25, shareholders voted in favour of the move, the firm has announced.

Exactly 82,783,734 votes were cast for the move, which accounted for 98.7 per cent, while 1,093,942 were against.

The number of votes represented 44.77 per cent of the company's issued share capital as of 6.30pm on Tuesday, June 23.

Carlsberg UK and Marston's will be the only stakeholders in the new firm, with the former being the majority shareholder, owning 60 per cent of the equity.

Marston's will take the remaining 40 per cent and also receive a cash payment of up to £273 million.

Wolverhampton-headquartered Marston's has an estate of 1,400 pubs across the country, including the Pitcher and Piano chain.

The move, which was announced in May, remains subject to competition clearance, but if approved the merger is expected to be completely later this year.

A Marston's spokesman told Burton Live that the move was "good news for Burton".

When questioned on what the move would mean for the Shobnall Road brewery, where well-known ales like Pedigree and 61 Deep are produced, the managing director at Marston's Brewing Company Richard Westwood said the venue was "a key hub".

Mr Westwood is due to become the chief operating officer of integration at the new company.

Previously, Burton MP Kate Griffiths said she "cautiously welcomes" the move, based on the information available on it so far.

https://www.derbytelegraph.co.uk/burton/carlsberg-marstons-merger-takes-big-4273186