DENMARK/CHINA: Carlsberg looks to up stake in Chongqing
By James Wilmore | 26 February 2013
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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.
Expert analysis
Beer in China
Beer in China industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2006-10, and forecast to 2015). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the China beer market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Sectors: Beer & cider, Mergers & acquisitions
Companies: Carlsberg, Heineken
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