Scottish & Newcastle, the last remaining 'macro' brewer in British hands, is no more. This morning the board agreed the price they're prepared to take from Carlsberg and Heineken to be bought and broken up between the two companies.
The offer, through newly-formed joint venture Sunrise Acquisitions, will see Carlsberg take full ownership of Eastern European joint venture Baltic Beverages Holding, as well as S&N's French, Greek, Chinese and Vietnamese operations. Heineken will own S&N's operations in the UK and Ireland, Portuguese, Finnish, Belgian, US and Indian operations.
This means John Smith's - the UK's largest ale brand - will be owned and run by Heineken. I wonder if they'll do the brand as much justice as Carlsberg did Tetley?
It does mean that the likes of Greene King, Fuller's, Wells & Youngs and Marston's are now the largest British brewers. I quite like that.