Carlsberg Expands Beer Business in China

 Breaking News

Carlsberg Expands Beer Business in China

Carlsberg Expands Beer Business in China
April 21
10:43 2015
Spread the love

The Carlsberg Group is taking full ownership of Wusu Beer Group (WBG), the beer market leader in Xinjiang in China, in a deal which will net DKr200 million (Eur26.8 million) for the Danish brewer. WBG owns six breweries in Xinjiang with a combined annual production capacity of approximately 6m hl.

WBG is a 50/50 joint venture between the Carlsberg Group and Xinjiang Hops. In addition to direct ownership in WBG, Carlsberg owns 30% in Xinjiang Hops. The acquisition is being done through an asset swap, where Carlsberg will acquire Xinjiang Hops’ 50% stake in WBG and dispose of the 30% stake in Xinjiang Hops. The transactions are inter-conditional, and Carlsberg will receive a net cash proceed of approximately DKr200 million upon completion. The transaction is conditional upon certain approvals and expected to be finalised at the end of 2015.

About Author



Related Articles

Food & Drink Business Conference & Exhibition 2016

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here