Carlsberg Group Expands in China
October 27
09:58
2014
Carlsberg Group has completed the acquisition of 100% of Chongqing Beer Group Assets Management Co for RMB1.56 billion (approximately DKr 1.4 billion, Eur188 million) to expand its brewing interests in China. Headquartered in Chongqing, Chongqing Beer Group Assets Management Co is a holding company comprising a total of eight breweries with a capacity of approximately 12 million hl.
The breweries are located in three provinces (three in Jiangsu, three in Anhuiand two in Zhejiang) and primarily sell brands from Chongqing Brewery Company Co as well as the brand Tianmuhu.
Chongqing Beer Group Assets Management Co will be consolidated by Carlsberg Group from November 2014.
