14 November 2012

Carlsberg Group increases its ownership in Chinese JV to 49.58%

14 November 2012 - Carlsberg Group has signed an agreement to acquire a further 18.58% shareholding in Chongqing Jianiang Brewery Co. Ltd. (previously Chongqing Xinghui Investment Co., Ltd.), taking its total shareholding to 49.58%. The purchase price is approximately RMB 600m. 

Chongqing Jianiang Brewery Co., Ltd. was established in 2011. Chongqing Xinghui Investment Co., Ltd. was renamed Chongqing Jianiang Brewery Co., Ltd in December 2011. 

The transaction is subject to government approvals and update of the constitutional documents of Chongqing Jianiang Brewery Co., Ltd. 

Source: Carlsberg