Carlsberg Drops Out of Race to Buy Foster’s Assets

Denmark’s largest brewery group, Carlsberg, has dropped out of the race to buy the remaining Asian assets of their competitor, Foster’s Group. Carlsberg announced this decision on Friday, and later the head of Carlsberg’s operations in Asia, Mr. Jesper Madsen, confirmed to the news-site Just-Drinks.com that the company had looked at the remaining Foster’s assets which were up for sale in Vietnam and India but had decided not to pursue its interests.
     Although such a purchase could have given Carlsberg an added market share on the Vietnamese market for foreign beer, the Danish beer giant remains a strong foreign player in Vietnam – especially in the north, where Carlsberg enjoys a close partnership with the dominant Hanoi brewery Habeco.

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