Carlsberg eyes 60% of Chinese brewery
Source: Agencies |
March 5, 2013, Tuesday
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Print Edition
Print Edition
CARLSBERG has launched a partial takeover bid worth 2.65 billion Danish crowns (US$461.49 million) for 30.31 percent of the shares in Chongqing Brewery Co, the Danish company said yesterday.
If the bid of 20 yuan (US$3.21) per share is successful, Carlsberg will gain control of the Chinese brewery and potentially own up to 60 percent of the shares.
The second-largest shareholder in CBC, Chongqing Beer Co, has committed to selling its shares with the aim of disposing of its remaining 20 percent stake in CBC, Carlsberg said in a statement.
"Our Asian business is very important for our long-term growth strategy, and we are very pleased that we now can take this important step forward in China," Carlsberg CEO and President Jorgen Buhl Rasmussen said in the statement.
If the bid of 20 yuan (US$3.21) per share is successful, Carlsberg will gain control of the Chinese brewery and potentially own up to 60 percent of the shares.
The second-largest shareholder in CBC, Chongqing Beer Co, has committed to selling its shares with the aim of disposing of its remaining 20 percent stake in CBC, Carlsberg said in a statement.
"Our Asian business is very important for our long-term growth strategy, and we are very pleased that we now can take this important step forward in China," Carlsberg CEO and President Jorgen Buhl Rasmussen said in the statement.
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