Carlsberg takes full ownership of Wusu Beer Group
Posted: 20 April 2015 | Victoria White | No comments yet
The Carlsberg Group, one of the leading brewery groups in the world, will increase its ownership to 100% in Wusu Beer Group, the market leader in Xinjiang…
The Carlsberg Group, one of the leading brewery groups in the world with a large portfolio of beer and other beverage brands, will increase its ownership to 100% in Wusu Beer Group, the market leader in Xinjiang in China.
Wusu Beer Group owns six breweries in Xinjiang with a combined annual production capacity of approximately 6m hectolitres.
In addition to direct ownership in Wusu Beer Group, Carlsberg owns 30% in Xinjiang Hops
Wusu Beer Group is a 50/50 joint venture between the Carlsberg Group and Xinjiang Hops. In addition to direct ownership in Wusu Beer Group, Carlsberg owns 30% in Xinjiang Hops. The acquisition is done through an asset swap, where Carlsberg will acquire Xinjiang Hops’ 50% stake in Wusu Beer Group and dispose of the 30% stake in Xinjiang Hops. The transactions are inter-conditional, and Carlsberg will receive a net cash proceed of approximately DKK 200m upon completion.
The transaction is conditional upon certain approvals and expected to be finalised at the end of 2015.
For more information about the Carlsberg Group, please visit www.carlsberggroup.com.