Carlsberg expands stake in Chinese brewery

    January 24, 2011 | BY

    clpstaff &clp articles

    Carlsberg Group (Carlsberg) has acquired an additional shareholding in Chongqing Brewery Company (CBC). Denmark-based Carlsberg raised its stake in CBC…

    Carlsberg Group (Carlsberg) has acquired an additional shareholding in Chongqing Brewery Company (CBC). Denmark-based Carlsberg raised its stake in CBC to 29.71% from 17.46%, making it the largest shareholder.

    The purchaser paid Rmb2.385 billion (US$349 million) for the additional 12.25% stake. All the required approvals from regulators has been received.

    CBC operates 16 breweries in Chongqing, Sichuan, Hunan, Anhui and Zhejiang.

    Carlsberg was represented by a Gide Loyrette Nouel team led by Beijing partner, Warren Hua. Its PRC counsel was Haiwen Law Firm. The seller was advised by Chongqing Tianyuan Law Firm.

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