Carlsberg Breweries increases shareholding in Vietnam

Carlsberg Breweries A/S has a tentative deal to acquire the Danish Industrialisation Fund for Developing Countries’ (IFU) shareholdings of 25 percent in South-East Asia Brewery Ltd. and 15 percent in Hue Brewery Ltd. in Vietnam for a total of DKK 95 million.
     Carlsberg Breweries said the acquisition is subject to approval by local authorities.
     The Danish brewer already owns 35 percent of the two Vietnamese breweries and hence increases its shareholding to 60 percent and 50 percent, respectively.
     The remaining share capital in South-East Asia Brewery is owned by the Vietnamese State-owned company Viet Ha Breweries Ltd. The local government of Hue owns the remaining shares in Hue Brewery.
     Hanoi-based South-East Asia Brewery brews and sells the premium brand Carlsberg and the local brand Halida. Hue Brewery, based in the central part of Vietnam, brews and sells the local brand Huda.
     In total, the two breweries hold a market share of about 9 percent. The yearly market growth rate over the past three years has been approximately 4 percent. With a yearly per capita consumption of only 9 litres, Carlsberg Breweries believes the growth potential is still large.
     Carlsberg has been co-operating with IFU in Vietnam since 1993.

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