Having binned plans for a joint venture with Thailand's Khun Charoen/Chang Beverages Pte Ltd, the Danish brewer Carlsberg Breweries AS is searching for takeover targets in Asia, according to Danish press reports today.

The daily Boersen reported Carlsberg chief executive Nils Smedegaard Andersen as saying: "As in other core regions we are now looking at possible companies to acquire."

He said that there were no concrete plans he wanted to talk aboutbut added that the company had capital resources of DKR20 billion, which was sufficient for the next steps that need to be taken in Asia.

The company would also look at ways to grow its own brands in the region, he added.