E-Malt.com News article: 1650

The Denmark’s brewing force, Carlsberg Breweries A/S, could spend up to 4 billion kroner (US$ 625 million) on acquisitions in Asia in the next couple of years, company’s CEO, Nils Smedegaard Andersen, said in a report to the Danish daily newspaper Jyllands-Posten. "I can easily imagine that we'll invest 2-4 bln dkr in Asia during the next 2-3 years. There are many interesting areas in Asia - China, Vietnam or smaller markets," Nils S. Andersen said. He added that as China is the largest market the company was looking there already. “Following Carlsberg's joint venture problems in Thailand, Carlsberg will also look for outright ownership of businesses it buys in the region, although this may not always be possible, particularly in China.”

07 October, 2003