FDBusiness.com

Carlsberg Group has increased its ownership in Baltika Breweries to 100%. following completion of the compulsory redemption of the remaining outstanding shares in the Russian brewer.

Russiais the world’s fourth largest beer market and the Carlsberg Group is convinced of the long-term market and profit pool growth opportunities. The transaction is in line with Carlsberg Group’s strategy of having 100% ownership of its most important subsidiaries to achieve greater operational flexibility. By having 100% ownership of Baltika, the company can be fully integrated into the Carlsberg Group which will speed up the implementation of decisions.