Carlsberg to Increase Stake in Chinese Brewer
June 14
09:47
2010
Carlsberg is increasing its shareholding in Chongqing Brewery Co from 17.5% to 29.7%. The purchase price for the 12.25% stake in CBC is approximately RMB2.385b (DKr 2.1b) in total. With 15 breweries in China, CBC is market leader in the Chongqing province and operates in the surrounding provinces of Sichuan, Guizhou, Guangxi and Hunan and in the eastern Chinese provinces of Anhui, Zhejiang and Jiangsu. In 2009 CBC’s Chinese volumes were approximately 10m hectolitres.
