MALAYSIA: Carlsberg increases brewery stake
Carlsberg has increased its ownership in Carlsberg Brewery Malaysia Berhad from 49.66% to 51%. The investment amounts to approximately US$6m.
The increase of the shareholding was made to reflect Carlsberg's control of Carlsberg Malaysia, the company said.
Carlsberg Malaysia was the second Carlsberg brewery established outside Denmark. It was founded in 1969 and listed on the Kuala Lumpur stock exchange in 1972.
"Today, the brewery is one of Carlsberg's most successful investments in the Asian region and the company has been the market leader in the lager segment for several years. Carls-berg Green Label is the clear market leader, but the brewery also holds a substantial market share in the stout segment," Carlsberg said.
The transaction will not affect the management set-up in Carlsberg Brewery Malaysia Berhad.
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