Carlsberg Sells Danish Malting Business
January 05
15:05
2016
The Carlsberg Group has signed an agreement regarding the sale of Danish Malting Group to Viking Malt. The transaction is expected to be finalised within few months, subject to approvals by relevant anti-trust authorities. The transaction is in line with the Carlsberg Group’s ambitions of disposing of non-core assets, improving return on invested capital and reducing financial leverage. The sales price is not disclosed.
DMG has 88 employees and operates three malting plants (one in Denmark and two in Poland) with a combined annual capacity of 220,000 tonnes and an annual turnover of approximately DKr700 million (Eur94 million).
