Carlsberg Breweries has indicated that is going to continue a recent run of acquisitions in China.
In an interview with the news agency Reuters earlier this week, Carlsberg Breweries’ senior vice president Jesper Madsen said: “There are some 400 to 500 breweries in China and there are some good brewers in which we could be interested.”
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Madsen went on to say that the company had up to €2.5 billion to spend on acquisitions. “Competition is severe and we may have to react fast,” he added.
Already this year, Carlsberg has bought the Dali brewer and a stake in Kunming brewery, both in Yunnan province.
Madsen said that at present the Chinese business does not contribute to Carlsberg’s profits, but within a few years, it was looking for “assurance they will start doing so”.
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