/ / / Carlsburg Sells Copenhagen Brewery for $441 Million

Carlsburg Sells Copenhagen Brewery for $441 Million

4/12/2012 12:01:00 AM ,

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From Reuters:

Danish brewer Carlsberg  is to sell most of a former Copenhagen brewery site to a group of investors for 2.5 billion Danish crowns ($441 million), which will help reduce debt.

The new owners will be a consortium of pension funds Realdania, PFA and Pensam as well as insurer Topdanmark (TOP.CO), the brewer said.

Carlsberg, which will keep a 25 percent stake in the site, will book a pretax capital gain of about 1.7 billion Danish crowns in the second quarter from the sale.

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