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.
- Whatever happened to binge Britain? - comment
- How to turn a domestic spirit into a global brand
- The US beer market - A level playing field for all
- Remy Cointreau's Q2 and H1 - preview
- This week in spirits & wine
- Diageo sells off United Spirits' Bouvet Ladubay
- Captain Morgan distillation trial queried by USVI
- Sazerac sues Brown-Forman over Tennessee Fire
- Craft, imports near 50% share in US on-trade
- Sidney Frank CEO to head Clooney's import co
- Global Beer Trends 2015 : Global Beer Trends and Long-term Forecasts
- Global sparkling wine insights - market forecasts, product innovation and consumer trends research
- Future growth opportunities for global spirits
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Global Wine Market to 2019 - Market Size, Development, and Forecasts