Danish brewer Carlsberg has said the Khetan Group — which owns 33 per cent shares in the holding company which manages businesses in India and Nepal — has put a formal notice to sell its entire stake to the brewer for $744 million (₹6,155 crore). Carlsberg is the third largest brewer globally and Carlsberg South Asia Pte Ltd (CSAPL) is
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Danish brewer Carlsberg has forecast organic operating profit growth in 2023 below last year’s level as higher beer prices are expected to dent consumption. The world’s third-biggest brewer expects organic operating profit this year to change by between minus 5% and plus 5%, compared with 12% growth last year. Carlsberg said sales in the fourth quarter rose 6% from a year earlier to DKK 14.6 billion
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Carlsberg wants to insert a buyback clause when selling its large Russian business that would offer the world’s third-largest brewer a way of ultimately returning to the ostracised country. Cees ‘t Hart, chief executive of the Danish brewer, told the Financial Times that Carlsberg was leaving Russia “full stop”, and that he hoped a sales agreement would be in place
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