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 15 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
- Remy, dead cats and the power of China's new year
- Will Lucas Bols' IPO Bring Much-Needed Stability?
- Focus - Remy Cointreau's YTD Performance by Brand
- Price drops would damage our DNA - Remy Cointreau
- just the Facts - Top 20 US Beers by Value, Volume
- Moët Hennessy unveils first Travel Retail outlet
- Maxxium UK head to depart for Edrington role
- Pernod unveils Jameson bottle for St Patrick's Day
- Remy eases declines as China hints at recovery
- Diageo inks UK distribution deals
- Global RTD/RTS insights - market forecasts, product innovation and consumer trends research
- Global vodka insights - market forecasts, product innovation and consumer trends research
- Edrington Group in Spirits (World)
- Diageo plc (DGE) - Financial and Strategic SWOT Analysis Review
- Global Consumer Trends and Key Consumer Targets in Alcoholic Beverages