Arcus

Finnish alcoholic drinks manufacturer and distributor Altia has announced that it has reached an agreement to acquire its Norwegian competitor Arcus, forming a combined company named Anora According to Altia, the combined business will form a leading wine and spirits brand house offering a portfolio of local, regional, and global brands. Altia’s current shareholders will own 53.3% of the combined company, whereas Arcus’s owners will hold a 46.5% stake. Commenting on …