Published: (24-02-2009)
Written by: Richard Ross
Heineken has admitted that it does not expect the Scottish & Newcastle business to contribute to its profits for four years.
The Dutch brewing giant bought S&N in a joint £7.8 billion ($11 billion) deal with Carlsberg last year, and took direct control of the UK operations. Although Heineken said the integration has progressed quickly, the deal coincided with a huge fall in UK beer sales which has forced it to lower its expectations.
Heineken..
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