CHINA: Carlsberg "poised to sell" Chinese breweries
Carlsberg, the world's sixth-largest brewer, is reportedly poised to sell control of an unprofitable Shanghai brewery to Tsingtao Brewery Company, China's largest beermaker, according to Chinese press reports.Tsingtao disclosed its plans in June to acquire at least two foreign breweries in China's major cities to boost production capacity and to double its share of the world's second-largest beer market to 10%. Carlsberg is negotiating the sale of as much as 75% of its brewery in Songjiang, a Shanghai suburb, sources told a Chinese paper. The Songjiang brewery commenced operation in October 1998 with an investment of $36.4m. Carlsberg owns 95% of the plant. The remaining 5% is owned by the Songjiang city government.Chris Brook-Carter
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Carlsberg's Q4 & full-year results - Preview
- Six key trends for alcoholic drinks in 2016
- Key trends for beer in 2016 - Focus
- Aus wine industry pays price for past failures
- Ten things to know about spirits in the US
- William Grant & Sons restructures US team
- Diageo completes wine category exit in US
- Beam Suntory targets Kenya with Edrington/FIX
- SABMiller's Europe chief to join Britvic board
- Diageo's Oban Little Bay single malt Scotch - NPD
- Global travel retail insights - market forecasts, product innovation and consumer trends
- What Next for Beer and Brewers Following the MegaBrew Deal?
- Global Beer Trends 2015 : Global Beer Trends and Long-term Forecasts
- Global Whiskey Market 2016-2020
- Global sparkling wine insights - market forecasts, product innovation and consumer trends research