Carlsberg Group Increases Ownership in Cambodian Business
Carlsberg Group has increased its ownership in the Cambodian brewer Cambrew from 50% to 75%. Cambrew is among the largest brewers in Cambodia. Its largest beer brand – the iconic Angkor Premium Beer with its well-known tagline ‘Our Country, Our Beer’ – is a popular brand among Cambodian consumers. In addition, Cambrew produces and bottles Pepsi for the Cambodian market.
Over the past 26 years, the Carlsberg Group’s partner in Cambrew has been instrumental in building up Cambrew and the Angkor Premium Beer brand to their current positions. The partner will retain a 25% ownership stake.
CEO Cees ’t Hart (pictured), chief executive of Carlsberg Group, says: “The increased ownership of Cambrew is in line with our strategic priority of growing our business in Asia. The transaction gives us management control of the business in a beer market that offers appealing long-term growth opportunities. By driving the iconic Angkor Premium Beer brand, together with our international premium portfolio and a successful soft drinks business, we’re well positioned to capture the growth opportunities in Cambodia.”
