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Carlsberg Acquires Chinese Breweries

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Carlsberg Acquires Chinese Breweries

Carlsberg Acquires Chinese Breweries
January 02
11:31 2014

Carlsberg Group is expanding its brewing interests in China by acquiring 100% of Chongqing Beer Group Assets Management Co, which is a holding company headquartered in Chongqing. The Chinese company comprises a total of eight breweries with a capacity of approximately 12 million hl.

The breweries are located in three provinces (three in Jiangsu, three in Anhuiand two in Zhejiang) and primarily sell brands from Chongqing Brewery Company Co as well as the brand Tianmuhu.

The total purchase price is RMB1.56 billion (approximately DKr 1.4 billion, Eur188 million). The deal is subject to the usual regulatory approval process.

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