Carlsberg confirms purchase of increased Chongqing Brewery stake
COPENHAGEN (Reuters) - Danish brewer Carlsberg (CARLb.CO) on Wednesday confirmed it had upped its stake in China's Chongqing Brewery (600132.SS) to 60 percent, as the Chinese company said on December 5.
The total purchase price for the 30.3 percent stake in the Chinese brewer was 2.9 billion yuan ($477.7 million), Carlsberg said in a statement.
"We believe that through closer cooperation ... the performance of this large-scale beer business will be significantly enhanced," Carlsberg Chief Executive Jorgen Buhl Rasmussen said in the statement.
(Reporting by Teis Jensen; Editing by David Holmes)
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