Carlsberg A/S is investigating a possible re-entry into the Thai market, according to local reports.

In August, the brewer settled a long-term disagreement with its former Thai partner Chang Beverages. Carlsberg pulled out of the JV in August 2003, claiming that Chang was not delivering under the joint venture agreement. Chang countered by claiming between US$1.75bn and US$2bn in damages.

The Danish brewer paid the Thai company US$120m to divide up its jointly-held assets with Chang.

However, Danish newspaper Borsen has reported that the parties have agreed to investigate further possibilities for a potential co-operation in Thailand, Malaysia and other countries.