Cobra on sale for 200 million pounds
Monday, November 24, 2008 : PermalinkBusiness Standard – Indian entrepreneur Lord Karan Bilimoria has put Cobra, the beer company he founded 18 years ago, up for sale for an estimated £200 million, a leading daily here claimed today.
The 46-year-old businessman had drafted in advisers from NM Rothschild to find a new investor in the business, famous for supplying its beer to most of the 10,000 curry houses in Britain, the Sunday Times claimed. The company, however, declined to comment on the potential sale. According to the report, the decision to sell comes just two months after Cobra raised £15 million of fresh capital.
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