<article>Carlsberg A/S, the Danish beermaker, is weighing the purchase of a 20 percent stake in China’s Tsingtao Brewery Co., people familiar with the matter said.</article>

Carlsberg A/S, the Danish beermaker, is weighing the purchase of a 20 percent stake in China’s Tsingtao Brewery Co., people familiar with the matter said.
The Copenhagen-based company is working with an adviser on a potential bid for the Tsingtao stake being sold by  Asahi Group Holdings Ltd., said the people, who asked not to be identified because the information is private. No final decision has been made, according to the people. The shares are worth about $1.2 billion based on the current stock price in Hong Kong, data compiled by Bloomberg show.
Carlsberg already owns about 60 percent of rival Chinese beermaker Chongqing Brewery Co., in addition to selling its own brands in the country including Tuborg, Kronenbourg 1664 Blanc and its namesake pilsner. It has also been pursuing a stake in Vietnam’s Hanoi Beer Alcohol Beverage Corp. as it seeks to boost its presence in faster-growing emerging markets.
Representatives for Carlsberg and Asahi declined to comment.
Asahi, the largest Japanese brewer, is exploring a potential sale of its minority Tsingtao holding, people with knowledge of the matter said last month. Asahi President Akiyoshi Koji said in a January interview the company will decide this year on options for its Tsingtao stake, as “ownership without control doesn’t make much sense.”

By Ruth David, Vinicy Chan, Takahiko Hyuga and Thomas Buckley
Bloomberg

Carlsberg A/S, the Danish beermaker, is weighing the purchase of a 20 percent stake in China’s Tsingtao Brewery Co., people familiar with the matter said.

Carlsberg considering bid for 20% stake in Chinese Tsingtao Brewery

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Carlsberg considering bid for 20% stake in Chinese Tsingtao Brewery

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