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Carlsberg A/S Launches Take-Over Offer for Additional up to 30.29% of Shares in Chongqing Brewery Company Co. Ltd


Monday, 4 Mar 2013 05:22am EST 

Carlsberg A/S announced that the Company has launched a partial take-over offer for up to 30.29% of the shares in Chongqing Brewery Company Co. Ltd (CBC) at RMB 20 per share. As per March 4, 2013, the Carlsberg group was the largest shareholder in CBC with a shareholding of 29.7%. Upon the completion of the partial take-over offer, Carlsberg will have control over CBC and potentially up to 60% of the shares in CBC. At RMB 20 per share, the total purchase price for the additional 30.29% stake in CBC will be approximately RMB 2.9 billion (approximately DKK 2.65 billion). Carlsberg also announced that the second largest shareholder in CBC, Chongqing Beer (Group) Co. Ltd., has, through a separate agreement with Carlsberg, committed to tender its shares as part of the tender offer process at the proposed price, with the aim of disposing of its remaining 20% stake in CBC. If the partial take-over offer is over-subscribed Carlsberg has agreed to purchase any shares Chongqing Beer (Group) Co. Ltd. owns after the completion of the PTO. 

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