Carlsberg's China plans in focus

|About: Carlsberg AS ADR B (CABGY)|By:, SA News Editor

Carlsberg (CABGY) won't comment on yesterday's scoop from Bloomberg that indicates the brewer wants to buy Tsingtao or Beijing Yanjing to become a major force in China.

The company is already in the process of raising its stake in Chongqing Brewery, but if it nabs either Tsingtao or Beijing Yanjing it would instantly claim double-digit market share in the region.