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Chongqing Brewery Co Ltd Announces Updates on Takeover Bid Launched by Subsidiary of Carlsberg A/S


Thursday, 31 Oct 2013 08:00pm EDT 

Chongqing Brewery Co Ltd announced that Carlsberg Brewery Hong Kong Limited, subsidiary of Carlsberg A/S, will acquire 146,588,136 shares (30.29% stake ) of Chongqing Brewery for RMB 20 per share or RMB 2,931,762,720 in total during the period from November 5, 2013 to December 4, 2013. Upon the completion of the takeover bid, Carlsberg will have control over Chongqing Brewery and potentially up to 60% of the shares in Chongqing Brewery. 

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