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: Feb 2017

Key Point

  • 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.

ChinaAg Comments

  • 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).

Hong Kong Trends

Similar Posts by ChinaAg

Spread the word. Share this post!