News

CHINA: Carlsberg "poised to sell" Chinese breweries

Most popular

Diageo/LVMH move for Pernod won't wash

just-drinks speaks to Pernod CEO Alex Ricard

How to win the marketing war in spirits

Where will Pernod focus its attention in 2019-21?

The just-drinks Analyst returns

MORE

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


Related Content

Asahi asset tidy continues with Tsingtao Brewery Co stake poised for offload

Asahi asset tidy continues with Tsingtao Brewery Co stake poised for offload...

Is Heineken risking too much to chase Anheuser-Busch InBev in China? - Comment

Is Heineken risking too much to chase Anheuser-Busch InBev in China? - Comment...

Asian beer brands spike in value as China premiumises - study

Asian beer brands spike in value as China premiumises - study...

Mahou San Miguel prepares China re-entry as premium beer heats up

Mahou San Miguel prepares China re-entry as premium beer heats up...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?