DENMARK/CHINA: Carlsberg looks to up stake in Chongqing
Carlsberg is considering raising its stake in the brewery
Carlsberg is looking to increase its stake in Chongqing Brewery, its joint-venture partner in China.
In a filing yesterday (25 February), the Danish brewer said that a “potential” move to raise its share in the brewery is “under consideration”. Trading in Chongqing's shares has been suspended as a result of the possible transaction.
"Until the trading suspension expires, the companies are not able to provide further details," the filing said.
Carlsberg is Chongqing's biggest shareholder, with a 29.7% stake. The brewer inherited the holding when it teamed up with Heineken to acquire Scottish & Newcastle in 2008. It raised its share to the current level in 2010.
Carlsberg was forced to defend Chongqing's management early last year, after the company's shares were suspended from trading.
- Scotch's Slipping Crown: Convenient for Diageo?
- Comment - Has Scotch Whisky Jumped the Shark?
- Can Beer Learn from Keurig and Nespresso?
- just The Preview - Anheuser-Busch InBev's Q3 & YTD
- C&C Group 'puzzled' by Spirit Pub Co rejection
- Diageo partner Beckham turned down Beck's deal
- Whisky downturn slows Diageo's Scotch spend
- Mast-Jägermeister targets UK off-trade boost
- EXCLUSIVE - Mast-Jaegermeister, TWE join watchdog
- Beam Suntory to roll out "Scotch-infused" Bourbon
- Global Cognac insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- The IWSR Global Trends Report 2014
- Wine in the United Kingdom
- Spirit Market in China to 2018 - Market Size, Trends, and Forecasts