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Carlsberg Ups Chongqing Brewery Stake to 60 Percent

The Carlsberg Foundation, principal owner of Carlsberg Group, will see stake in Chongqing Brewery Co., Ltd. rise to 60 percent soon. The Shanghai-listed firm said in March this year that Carlsberg, the fourth-biggest brewer in the world and the controlling shareholder of it, planned to acquire 146.6 million shares of it for about CNY 3 billion, or CNY 20 each, and the shares accounted for 30.29 percent of its total capital stake. (MENAFN.com)