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Carlsberg Gets Final Approval to Increase China Brewery Stake

Carlsberg A/S received the final approval from China’s government to boost its shareholding in Chongqing Brewery Co., paving the way for further expansion in the world’s most population nation. China’s Ministry of Commerce approved Chongqing Brewery’s proposal to sell a 12.25 percent stake to Carlsberg. The Hong Kong unit of Copenhagen-based Carlsberg will pay 2.39 billion yuan (US$359 million) to boost its holding in Chongqing Brewery to 29.7 percent.

written on 03.12.2010 um 23:30.


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