Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTMark NicholsThu, September 17, 2026 at 4:13 PM GMT+2 4 min readBerentzen Gets a Shot of Takeover Speculation - MobyTHE GISTOur analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.German beverage group Berentzen has spent this year wrestling with weak domestic consumer demand and falling profits, but investors suddenly have something considerably more exciting to price in.U.S. spirits giant Sazerac is discussing a voluntary takeover offer for all outstanding shares, sending Berentzen to a 14-month high even though no formal bid or price has yet been announced.WHAT HAPPENEDBerentzen shares jumped around 22% after the German spirits and soft-drinks producer confirmed that it is in negotiations with privately owned Sazerac over a possible public takeover offer.The company said the discussions concern an acquisition of all outstanding Berentzen shares, although the announcement did not include an indicative valuation, offer price or timetable. Based on the previous session's close, Berentzen had a market capitalization of only about €35 million (about $41 million), making it a relatively small acquisition for one of the world's largest privately held spirits groups.Sazerac owns brands including Southern Comfort and Fireball and has been expanding aggressively through acquisitions. The US company recently bought British spirits producer Au Vodka and has also pursued substantially larger transactions elsewhere in the drinks industry, making Berentzen another possible addition to a growing international portfolio.Berentzen brings a collection of established German brands including Berentzen Apfelkorn and Puschkin Vodka, alongside non-alcoholic products such as Mio Mio. That portfolio gives Sazerac exposure to categories and distribution networks that look quite different from its core US whiskey and spirits operations.The takeover interest arrives at a difficult moment for Berentzen's standalone business. First-half revenue fell to €71 million from €79.9 million a year earlier, while EBIT dropped to just €0.6 million from €3.2 million as weak consumer spending and softer drinks demand in Germany weighed on trading.Management responded in July by cutting its full-year outlook, reducing expected 2026 revenue to €151 million to €156 million from €163 million to €173 million previously. Forecast EBIT was slashed to €3.5 million to €5 million from €7 million to €9 million, while expected EBITDA was lowered to between €12.4 million and €13.9 million.WHY IT MATTERSOne stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info