Ownership structure under review
Carlsberg knows how to take everybody by surprise. The Danish brewer announced that it would sell its non-core businesses and review its ownership structure. Its 43 per cent stake in the Copenhagen amusement park Tivoli will have to go as well as its 61 per cent stake in the industrial arts company Royal Scandinavia. Moreover, Carlsberg is reviewing the financial and legal aspects of its ownership. This can only mean loosening the grip of the Carlsberg Foundation and its 55 per cent stake in the brewery. The latter move might allow the brewer to raise capital more easily should it decide to play a stronger role in the global consolidation process. As a first step, the group will divide its brewing business into two units: Carlsberg Denmark and Carlsberg International.6 billion (US$217.8%).
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