Carlsberg takes stake in Cambrew

Carlsberg takes stake in Cambrew

COPENHAGEN: The Danish brewer Carlsberg said on Monday it had acquired 50 percent of the Cambodian group Cambrew, which holds 45 percent of its local market.

Details of the transaction were not released.

Cambrew produces the Angkor Beer brand, named after the 12th century temple at Angkor Wat, and Carlsberg said it believed the national market was set for significant growth.

"The acquisition is a further step in fulfilling Carlsberg's strategy to enhance the strong position in Southeast Asia, where Carlsberg is already present via shareholdings in Laos, Malaysia, Singapore and Vietnam," it said in a statement.

Carlsberg's acquisition followed the recent signing of a memorandum of cooperation with Hanoi Brewery (Habeco). -- AFP