23 July 2008
29/2008
Page 1 of 1
Carlsberg sells its 95.6% stake in Türk Tuborg
Carlsberg hereby announces that it has sold its 95.6% stake in Türk Tuborg Bira
ve Malt Sanayi A.S. (“Türk Tuborg”) to CBC Group. Through Israel Beer Breweries
CBC Group is the partner of Carlsberg in Israel and Romania.
The selling price is USD 80 m minus interest bearing debt and plus/minus
adjustment for the difference between working capital as of end June 2008 and
closing.
Türk Tuborg was established in 1967 through a partnership between Tuborg and
Yasar Holding. Production started in 1969 with the first locally produced Tuborg
brand. Carlsberg took over the majority shareholding of Türk Tuborg in 2001.
Türk Tuborg is number two in the Turkish market.
As part of the deal between Carlsberg and CBC Group Türk Tuborg will on license
basis continue the production of Carlsberg and a number of Tuborg brands.
The deal is subject to approval from The Competition Authority and The Tobacco,
Tobacco Products and Alcoholic Beverages Market Regulatory Authority.
“All parties will benefit from this deal. By selling our stakes in Türk Tuborg
Carlsberg is optimizing its business portfolio. And we are confident that CBC
Group will build on the momentum already created by Türk Tuborg and its highly
skilled employees and thereby further develop the brewery and its well known
brands. They all have a huge potential which Türk Tuborg supported by CBC Group
will do its utmost to exploit,” says President & CEO Jørgen Buhl Rasmussen,
Carlsberg.
Contacts:
Investor Relations: Mikael Bo Larsen, +45 3327 1223
Media Relations: Jens Bekke, +45 3327 1412
Carlsberg Group is one of the leading brewery groups in the world, with a large
portfolio of beer and soft drinks brands. Its flagship brand - Carlsberg - is
one of the fastest-growing and best-known beer brands in the world. More than
40,000 people work for Carlsberg Group, and its products are sold in more than
150 markets. In 2007 Carlsberg Group sold more than 115 million hectolitres of
beer, which is about 95 million bottles of beer a day. Find out more at
www.carlsberggroup.com
Carlsberg A/S 100 Ny Carlsberg Vej Tel +45 3327 3300
www.carlsberggroup.com
1760 Copenhagen V Fax +45 3327 4701
Denmark carlsberg@carlsberg.com
CVR.nr. 61056416
