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As Europe Stagnates Carlsberg Looks for Acquisitions in Asia
Due to slowing growth in Europe Carlsberg A/S said it’s seeking acquisition opportunities in Asia, including China. The beermaker is aiming to boost investment in China both organically and through acquisitions, the CEO said, without disclosing possible targets. The Danish company last year increased its ownership of its Indian unit, and expanded its partnership with Chongqing Brewery Co. (600132) in western China. China’s beer market will grow 6 percent to 7 percent annually over the next two to three years, said Rasmussen, who’s in Beijing to attend the European Union-China summit starting tomorrow. Retail beer sales in China, the world’s most populous nation, may have risen to 360 billion yuan ($57 billion) in 2011, according to researcher Euromonitor International.
written on 13.02.2012 um 18:15.
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Heineken acquires 3.2% stake in Vijay Mallya controlled United Breweries
17.05.13 - Vijay Mallya-led United Breweries today said Heineken UK Ltd has acquired 3.21 per cent stake in the company. The acquisition is pursuant to amalgamation of Scottish & Newcastle India with United Breweries, whereby SNIPL would cease to exist. [more]
ADM takeover of GrainCorp closer
14.05.13 - US grain business Archer Daniels Midland expects to make a formal offer to GrainCorp shareholders to take over the bulk handler next week. ADM grain president Ian Pinner arrived in Australia this week to talk with farm organisations and government bodies about the $3.4 billion takeover of GrainCorp before the formal offer was made. [more]
Heineken To Sign Joint Venture Agreement in Myanmar
13.05.13 - Heineken announced on Monday that it will tap Myanmar’s beer market through a joint venture with privately-owned Alliance Brewery Company (ABC), as its license has been approved by the Myanmar Investment Commission (MIC) to operate domestically. The joint venture between Heineken and ABC will be called APB Alliance Brewery Company. Heineken will own 57 percent of APB. [more]
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