/ / / Carlsberg Launches Bid For Partial Take-Over of Chinese Chongqing Brewery

Carlsberg Launches Bid For Partial Take-Over of Chinese Chongqing Brewery

3/05/2013 12:33:00 AM ,

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From Reuters:

Carlsberg (CARLb.CO) has launched a partial take-over bid worth 2.65 billion Danish crowns ($461.49 million) for 30.31 percent of the shares in Chongqing Brewery Company (600132.SS), the Danish brewer said on Monday. 

If the bid of RMB 20 per share is successful Carlsberg, which announced its immediate plans to up its stake in the Chinese brewery last week, will gain control of CBC and potentially own up to 60 percent of the shares.

The second largest shareholder in CBC, Chongqing Beer Co, has committed to selling its shares with the aim of disposing of its remaining 20 percent stake in CBC," Carlsberg said in a statement.

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