The chairman of the Carlsberg group, Poul Matthiessen, has said that Carlsberg Breweries, in which it owns a 60% stake, will be listed in 2003 or 2004.

Matthiessen said the listing of Carlsberg Breweries would allow the company to finance takeovers in the consolidating brewing sector with its own shares. Carlsberg Breweries was formed in 2000 and is jointly owned by Carlsberg (60%) and the Norwegian industrial group, Orkla (40%).