Carlsberg is to focus on reducing its debt rather than expanding in Asia, according to its CEO. Speaking to Dow Jones Newswires, Nils S.Andersen said the Danish brewer intends to reduce its current debt of over DKK30 billion (US$5.03 billion) to between DKK20 billion and DKK22 billion.

Speaking to Dow Jones, Andersen said: "The objective is to return to a good debt situation so that we can start to expand quite rapidly, for example, in Asia." Once the debt is reduced, the company also will look at further acquisitions in the Balkans, he said.

Carlsberg has not ruled out future acquisitions of small to medium-sized breweries in China either.

"For the next couple of years, we're not going to be buying a lot," Andersen told Dow Jones in the interview. "We'll be looking at concentrating on organic growth, brand-building and exporting out of existing facilities."