Through the partial takeover offer, Carlsberg has acquired 146.6 million shares and thereby increased its shareholding in CBC from 29.7% to 60% at a total purchase price of RMB 2.9bn. CBC will be fully consolidated in Carlsberg’s accounts with effect from December 2013.
“This transaction, following on from our decision to construct two new breweries in China and Myanmar, further reinforces our commitment to Asia, and in particular to China, where we see exciting growth potential,” said Jørgen Buhl Rasmussen, president and CEO of the Carlsberg Group. “We will now ensure that CBC becomes integrated into the Carlsberg organisation and is able to share our best practices, be they in terms of marketing and sales excellence, production and procurement improvements, environmental efficiency or our outstanding research and development resources.
“We have had a very good relationship with CBC and its main shareholder since 2008, and we believe that through closer cooperation with Carlsberg, the performance of this large-scale beer business will be significantly enhanced.”
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