The CEO of Carlsberg Breweries could see the company spending up to 4 billion kroner (US$625m) on acquisitions in Asia in next couple of years.
The comments by Nils Smedegaard Andersen were made to the Danish daily newspaper Jyllands-Posten.
Andersen said: “I can easily imagine that we’ll invest 2-4 bln dkr in Asia during the next 2-3 years.”
He added: “There are many interesting areas in Asia – China, Vietnam or smaller markets.”
He continued that as China is the largest market the company was looking there already.
Following Carlsberg’s joint venture problems in Thailand, Carlsberg will also look for outright ownership of businesses it buys in the region, although he conceded this may not always be possible, particularly in China.
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