Reuters – Carlsberg Launches Bid for Chongqing

Carlsberg has launched a partial take-over bid worth 2.65 billion Danish crowns ($461.49 million) for 30.31 percent of the shares in Chongqing Brewery Company, Reuters reported Monday. If the bid of RMB 20 per share is successful Carlsberg, which announced its immediate plans to up its stake in the Chinese brewery last week, will gain control of CBC and potentially own up to 60 percent of the shares.

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