Tallinn, May 29 - Danish brewer Carlsberg launched on Thursday an offer to buy out the remaining 25 percent of Estonian brewer Saku at a price of 194.06 Estonian kroons, or 12.40 euros.
The offer was made after Carlsberg completed its takeover of 75 percent of the Estonian firm. Saku shares closed at 12.16 euros on Wednesday.
"The time period for accepting the bid shall commence on May 29 and end on June 26," Saku said in a statement.
Saku is part of the fast-growing Baltic Beverages Holding group, of which Carlsberg took control following its deal with Heineken to buy and split up British brewer Scottish & Newcastle.