Carlsberg offloads stake in Tibet venture to Chinese partner
China | Carlsberg agreed to divest its 50 percent stake in Lhasa Brewery to its Chinese partner, following years of confrontations, media reported on 30 January. Lhasa Brewery was established in 1988 in Lhasa, Tibet, but Carlsberg only became involved in February 2004, when it formed a 50-50 joint venture with Tibet Development.
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