This process has now been completed and the Carlsberg Group will consequently increase its shareholding in Hue Brewery from 50% to 100%.
Hue Brewery’s product portfolio consists of brands including Festival, Carlsberg and Eve. Hue Brewery operates two breweries in Hue province and produced approximately 1.7 million hl of beer in 2010.
CEO, Jørgen Buhl Rasmussen, said: “Since we acquired the initial shareholding in Hue Brewery in 1994, we have been very pleased with the performance of the business and have had an excellent working relationship with the Hue People’s Committee.
“As a very committed strategic foreign investor, we will continue to work closely with the Hue People’s Committee. The future prospects of Hue Brewery are very exciting and we will continue to support the business to the benefit of all stakeholders.”
Source: Carlsberg
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