Carlsberg's planned share issue has been fully subscribed. The Danish brewer announced today that the issue, launched to fund its buy-out of Orkla's 40% stake in Carlsberg Breweries, will raise an expected DKK3.4 billion (US$542.2m).

Carlsberg said that its share capital after the subscription totalled DKK1,525,568,060, divided into 33,699,252 series A shares and 42,579,151 series B shares.

In March, Carlsberg said that it intended to release 15m new shares through the rights issue and expected to net DKK3.35 billion.