Carlsberg A/S, the Danish beer maker, is weighing up whether to purchase a 20 percent stake in China’s Tsingtao Brewery Co, sources said. The Copenhagen-based company is working with an adviser on a potential bid for the Tsingtao stake being sold by Asahi Group Holdings Ltd, said the sources…Full Article: ECNS.cn Feb 2017
- A tie-up with Denmark’s Carlsberg may help Tsingtao Brewery compete with China Resources Beer Holdings’ Snow Beer and Anheuser-Busch InBev’s Budweiser beer.
- As of May 2016, Carlsberg had 37 breweries in China.
- From roughly October 2015 to May 2016, Carlsberg shut down eight breweries in eastern China and develop its market presence in western China.
- In January 2016, Carlsberg closed its brewery in Qianjiang, Hubei Province.
- In November 2015, according to a Carlsberg China representative, the company intends to close Chongqing Beer breweries in Anhui and Zhejiang provinces, eastern China.
- In 2014, China Resources’ Snow Breweries had a 23.8% market share (by volume) in China, followed by Tsingtao Brewery’s Tsingtao Beer at 18.4%, Anheuser-Busch InBev at 14.3%, Beijing Yanjing Brewery at 12.3%, and Carlsberg Group at 7.5%.
- In November 2013, the acquisition was completed, which made the Danish brewer a controlling (60%) shareholder in CBC.
- In March 2013, Carlsberg offered to purchase an additional 30.3% stake in Chongqing Brewery.
- In 2012, Carlsberg increased its stake in CBC to 29.7%.
- In 2008 Carlsberg acquired a 17.5% stake in Chongqing Brewery Co (CBC).
- In 1998, China overtook Germany as the number two consumer of beer, and passed the United States as the top consumer in 2002.
- In 1995, Carlsberg entered mainland China when it acquired a stake in a Huizhou-based (Guangdong province) brewery.
- In 1981, Carlsberg established a brewery in Hong Kong and sold it in 1999.
- Founded in 1903 and headquartered in Qingdao, Shandong Province, Tsingtao Brewery (SHA:600600) (HKG:0168) was the first Chinese company to be listed in both mainland China (Shanghai Stock Exchange in 1993) and Hong Kong (listed in 1993).
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