21 March 2019

Carlsberg tightens hold on Chongqing beer group, Bloomberg says

Danish brewer Carlsberg said on Monday that Chongqing Beer Group Co. has accepted the former’s 1.56 billion yuan (US$257 million) offer for eight Chinese breweries, Bloomberg News reported. Carlsberg will buy 100 percent of Chongqing Beer Group Assets Management Co., a Chongqing-based firm that owns breweries in Jiangsu, Anhui and Zhejiang provinces, with capacity of about 12 million hectoliters, the report said, citing a statement from the Danish company. The deal comes less than a month after Carlsberg paid about 2.9 billion yuan to increase its stake in Shanghai-listed Chongqing Brewery Co. (600132.CN) to about 60 percent from 29.7 percent, the report noted.

– Contact HKEJ [email protected]



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