DENMARK: Carlsberg eyes M&A with planned ownership changes
The changes are designed to boost the "financial flexibility" of the group
Carlsberg is aiming to make M&A opportunities easier to pursue with proposed changes to its ownership structure.
The Carlsberg Foundation, the group's main owner, has asked Denmark's Justice Ministry to allow it to remove a rule in its charter that says it must own more than 25% of the group. The foundation currently has around a 30% stake in the group.
Flemming Besenbacher, the Carlsberg Foundation and the Carlsberg Group's chairman, said the move is a “logical step” to allow the brewer to “adapt and continuously develop the business”.
Jørgen Buhl Rasmussen, the Carlsberg Group's CEO, said the change to the charter will boost the “financial flexibility” of the group.
He added: “We don’t have any plans for capital increases or major structural changes, but in the event that value-enhancing opportunities arise, we can pursue these more easily with the changed charter.”
Rasmussen said the group is also planning a more “explicit” dividend policy in which dividend pay-outs will equal at least 25% of adjusted net profit.
The foundation, which has owned the group since 1888, said a rule that it must hold at least 51% of the voting rights for the group will be kept.
As we start our annual series of management briefings that focus on environmental sustainability, Ben Cooper looks at the importance of integrating the issue into all aspect of a company's operations ...
The world’s fourth largest brewer, Carlsberg is working to reduce its reliance on struggling European markets. This profile considers the company’s decision to focus on emerging Asian markets and anal...
In the second part of this month's management briefing, which shines the light on the importance of environmental sustainability in the brewing industry, Ben Cooper considers the impact of stakeholder...
Published by Canadean, this Quarterly Beverage Tracker report provides a detailed analysis of the latest developments in the Denmark beverage market...
In the third part of this month's management briefing, Ben Cooper reviews the environmental sustainability of three of the world's biggest brewers: Anheuser-Busch InBev, Carlsberg and Diageo....
This report comprises of high level market research data on the Malaysia beer industry, published by Canadean. The report covers total market (on- and off-premise) and includes valuable insight and ...
This report comprises of high level market research data on the Denmark beer industry, published by Canadean. The report covers total market (on- and off-premise) and includes valuable insight and a...
- Comment - Diageo Steps Up Defence of Haig Club
- Focus - Diageo's H1 Results by Region, Brand
- Comment - Spirits - Where Next for Scotch Whisky?
- just the Preview - Diageo Q2 & H1
- just the Facts - Top 20 US Beers by Value, Volume
- Belvedere vodka tie-up over new James Bond film
- Diageo speaks out over supplier contract changes
- Brown-Forman appoints Jack Daniel's president
- Diageo inks UK distribution deals
- ASA rejects Haig Club ad complaints
- Global RTD/RTS insights - market forecasts, product innovation and consumer trends research
- Diageo plc (DGE) - Financial and Strategic SWOT Analysis Review
- Global vodka insights - market forecasts, product innovation and consumer trends research
- Global Consumer Trends and Key Consumer Targets in Alcoholic Beverages
- Edrington Group in Spirits (World)