Comments 
Print 
Mail 
Large Medium Small
|
 |
|
Carlsberg will invest up to 3 billion yuan ($480 million) to hold 30.29 percent of Chongqing Brewery's stocks.[Huo Huang / Asianewsphoto] |
Carlsberg will invest up to 3 billion yuan ($480 million) to hold 30.29 percent of Chongqing Brewery's stocks. The bid is offering 20 yuan per share, according to Chongqing Brewery, one of China's largest beer makers.
At the end of the tender offer's validity term, Carlsberg Foundation's shares will not exceed 60 percent.
As the wholly owned subsidiary of Danish premium brewer Carlsberg Group, Carlsberg Hong Kong increased its stake in Chongqing Brewery to 29.71 percent in 2010, becoming the company's largest shareholder.
Betting on the promising Chinese brewery market, Carlsberg said earlier that it expected to increase its stake in Chongqing Brewery.
You may also want to read
Carlsberg has reason to cheer with Sichuan upgrade
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
