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Post date: 04/15/2011 - 20:18

Carlsberg Ready for Future Acquisitions

Expecting a consolidation wave in the future, Chairman Povl Krogsgaard-Larsen told Reuters in an interview on Thursday that Danish brewer Carlsberg is well prepared to take the next step, after its 58 billion crowns acquisition of Scottish & Newcastle in 2008.

"Of course, Carlsberg can raise a significant amount of capital, but this is not a signal that an acquisition is impending," Krogsgaard-Larsen said. "We don't have any such plans at this moment."

Expecting a consolidation wave in the future, Chairman Povl Krogsgaard-Larsen told Reuters in an interview on Thursday that Danish brewer Carlsberg is well prepared to take the next step, after its 58 billion crowns acquisition of Scottish & Newcastle in 2008.

"Of course, Carlsberg can raise a significant amount of capital, but this is not a signal that an acquisition is impending," Krogsgaard-Larsen said. "We don't have any such plans at this moment."

Asked if Carlsberg could today raise 40-50 billion crowns for acquisitions, Krogsgaard-Larsen said "depending on the parameters included in raising capital, it is about that size."

"In the Far East, primarily China and Vietnam, and all of Southeast Asia, there is a large focus for Carlsberg," the chairman said, adding there were no obvious acquisition targets in Europe.