Acquisition by Carlsberg A/S (DK) of Feldschlösschen Getränke Holding AG (CH) — DKK 4.3 billion (including external debt)

Carnegie acted as adviser to Carlsberg A/S in the acquisition of Feldschlösschen Getränke Holding AG, the beverage business of Feldschlösschen-Hürlimann Holding AG. FeldschlösschenGetränke Holding AG is the largest Swiss brewery with 45 per cent of the beer market.November, 2000.