HASELUENNE, Germany (Thomson Financial) - Financial investor Aurelius Invest and Berentzen-Gruppe AG. are in talks about a possible takeover of the German distiller, a company spokesman told Financial Times Deutschland.
'Berentzen is a company with a long tradition and attractive core brands. We would be delighted, if our offer would appeal to its owners,' he was quoted as saying.
At the end of June, Berentzen said its main shareholders are assessing a merger with a 'strategic partner' or a sale of the northern German distiller, which has been trying to revive sagging sales.
Rising raw-material prices and market concentration among its customers in the food retail industry have prompted the owners to call Berentzen's independence into question, the company said in a previous statement. christoph.steitz@thomsonreuters.com cs1/rw COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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