Carlsberg has made a Eu1.065bn (£740m) bid for the Hamburg brewer Holsten, and announced plans to sell much of it on. "Holsten is a well invested, highly efficient company and all breweries meet high international quality standards," Carlsberg said. The Danish brewer is offering to pay Eu38 a share for Holsten's 13.75 million shares. The offer is conditional on a 75% acceptance rate and regulatory approval. The company said that it had already secured a conditional agreement for the 51% stake owned by the Eisenbeiss family. Carlsberg said it had entered binding agreements to sell the Konig-Brauerei in Duisburg and the Licher Privatbrauerei in Lich to the Bitburger Group for Eu469m. It said the purchase would make it the biggest brewer in northern Germany.