The Danish brewing force, Carlsberg, is unlikely to grow through further joint ventures or acquisitions in the present environment. The decision followed the 96% fall in first quarter profits. “Carlsberg isn't interested in further joint ventures and the prices of potential takeover targets being demanded at present rules out acquisitions for the moment,” said the company’s CEO Nils S. Andersen in an interview to business daily Borsen. "We have a growth strategy, but we aren't going to expand and destroy value. Those ventures over which the company has 100% control are outperforming joint ventures, so Carlsberg will steer clear of new joint ventures,” Andersen said.

12 May, 2003