10/26/2005 10:00 

Carlsberg acquires 25 per cent in Lao Brewery from Chang, thereby increasing its ownership to 50 per cent. The first 25 per cent were acquired in 2002. The remaining shares are held by the government of Laos.

Lao Brewery is the only brewery in Laos and it has a market share of about 99 per cent. It is a modern brewery, upgraded in recent years through the addition of a new automatic brew house and packaging lines. The present yearly production is approximately 900.000 hl beer and the capacity is 1.2 mill. hl beer.

Lao Brewery produces the local brand Beerlao. On top of this it has just started brewing Carlsberg Beer which was launched recently.

The population in Laos is 5.3 million. The yearly GDP growth is about 3 per cent. The beer consumption is about 20 litre per capita. As a result of the economic growth it is growing by 8-9 per cent per year.

Carlsberg and Chang have agreed not to disclose the acquisition price.

 

Contact

Investors:
Mikael Bo Larsen, +45 33 27 1223

Media:
Jens Peter Skaarup, +45 3327 1417