Carlsberg strengthens its position in China

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

Carlsberg (CABGY) says it will buy full control of Chongqing Beer Group for a deal price of 1.56B yuan ($250M).

The acquisition will give the brewer more brands in China where it sees profits growing to 20% of the company's total by 2015.