Carlsberg Takes Full Ownership of Wusu Beer Group

20 Apr 2015 --- The Carlsberg Group will increase its ownership to 100% in Wusu Beer Group (WBG), the market leader in Xinjiang in China. WBG owns 6 breweries in Xinjiang with a combined annual production capacity of approximately 6m hl.

WBG is a 50/50 joint venture between the Carlsberg Group and Xinjiang Hops. In addition to direct ownership in WBG, Carlsberg owns 30% in Xinjiang Hops. The acquisition is done through an asset swap, where Carlsberg will acquire Xinjiang Hops’ 50% stake in WBG and dispose of the 30% stake in Xinjiang Hops. The transactions are inter-conditional, and Carlsberg will receive a net cash proceed of approximately DKK 200m upon completion.

The transaction is conditional upon certain approvals and expected to be finalised at the end of 2015.