Monday, August 15, 2005

Carlsberg acquires 50 pct of Cambodia's Cambrew

COPENHAGEN (AFX) - Carlsberg AS said it has acquired a 50 pct stake in Cambrew Ltd, which is located in Sihanouk Ville on Cambodia's west coast.

The Cambrew brewery has a total capacity of 450,000 hl (hectolitres) and holds a 45 pct market share in Cambodia. It owns the Angkor Beer brand, named after the famous temple Angkor Wat.

Carlsberg gave no financial details but said the potential for growth in the Cambodian beer market is significant.

It also said the acquisition is part of Carlsberg's strategy to enhance its strong position in South East Asia.