Pivnoe Delo
abbey-beer-icon

pivnoe-delo_logo5

Top articles

Journals

drinktec

Carlsberg to own 90% of its India unit as Sri Lankan investor plans exit

Danish brewer Carlsberg stands to own 90% of its India operations as Sri Lanka . investor Lion Brewery Ceylon sells its stake to focus on the Sri Lankan beer market. The buy out, subject to shareholder nod, would enable Carlsberg own twice the stake it held before.

Carlsberg began commercial operations in India in 2007. It manufactures and markets super premium mild beer Carlsberg, premium strong beer Palone and premium mild beer Tuborg.

In a filing to the Colombo stock exchange last week, Lion Brewery Ceylon said it had decided to sell its shareholding to Carlsberg at a consideration equivalent to the book value of its investment, estimated at $20 million.

This decision taken was after the board of Lion Brewery Ceylon evaluated the large investment programme required in India. Through this move it said it could pay back debt and focus on the Sri Lankan beer market instead.

Lion Brewery Ceylon manufactures Lion beer and markets Carlsberg in Sri Lanka. It had invested in Carlsberg's India story since 2006.

4 Jun. 2011

Advertising

pilsena_en
gea
sidel100x100
jg
portinox

Main topics

Exact matches only
Search in title
Search in content
Search in comments
Search in excerpt
Search in posts
Search in pages
Search in groups
Search in users
Search in forums
Filter by Custom Post Type
Filter by Categories
Home
Magazines
News
×