Deals
Carlsberg Said to Weigh Bid for $1.2 Billion Tsingtao Stake
- Danish beermaker said to work with adviser on potential offer
- Asahi said to plan sale of 20% stake in Chinese brewer
Cases of Carlsberg A/S beer sit in a warehouse on Oct. 7, 2015.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
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 in Tsingtao, based in a port city in eastern China’s Shandong province, are worth about $1.2 billion based on Wednesday’s close in Hong Kong, data compiled by Bloomberg show.