Carlsberg Acquires Full Control of Indian Operations

Carlsberg has finalized a $744 million deal to acquire full control of its operations in India and Nepal by purchasing a 33.33% stake in Carlsberg South Asia Pte. from CSAPL (Singapore) Holdings. The transaction will grant Carlsberg complete ownership of its Indian subsidiary and a 99.94% stake in Gorkha Brewery in Nepal, with completion expected in the fourth quarter of this year. CEO Jacob Aarup-Andersen emphasized that this move is part of their 'Accelerate SAIL' strategy to capitalize on growth opportunities in the Indian beer market, valued at approximately $5.76 billion. The acquisition follows a successful arbitration case in 2022 against the Khetan Group, which had been blocking Carlsberg's buyout efforts. The deal is anticipated to facilitate increased investments and market expansion in a region where Carlsberg aims to strengthen its position. The approval process has already cleared necessary antitrust regulations in India, paving the way for the acquisition.