Molson linked to Cobra bid

Molson Coors is the latest name to be linked with a possible purchase

of Cobra Beer.

The brewer is said to be considering a joint bid with American

investor Wilbur Ross. Molson Coors is thought to be interested in

Cobra’s UK assets while Ross is investigating the merits of acquiring

the Indian side of the business.

Diageo and SABMiller have also been linked to bids for Cobra but so

far Lord Bilimoria’s company has failed to find a suitor.

The Financial Times believes Bilimoria wants £185 million for the

company, which achieves 71 per cent of its sales volumes in the UK.

Molson Coors and Ross have not commented on the latest speculation.