Carlsberg Breweries A/S has increased its stake in Turkish beverage company Türk Tuborg, aiming to solidify its position in the growing Turkish beer market.

Information on the Target

Carlsberg Breweries A/S is a prominent player in the global brewing industry, with well-known beer brands such as Carlsberg and Tuborg enjoying widespread popularity. The company employs approximately 27,000 individuals across its associated operations and markets its products in around 150 countries worldwide. The primary focus of Carlsberg Breweries is the production and sale of beer and non-alcoholic beverages, with an impressive 94% of its beer sales occurring outside Denmark. The company operates at 90 production sites in 45 countries, with its flagship brands produced by 60 different subsidiaries.

In its latest transaction, Carlsberg Breweries has acquired a 48% stake in Turkish beverage company, Türk Tuborg, from Yasar Holding, valuing the entire company at around DKK 960 million. Following this initial acquisition, Carlsberg further increased its ownership stake through open market purchases and a mandatory public tender offer for shares.

Industry Overview in Turkey

The Turkish beverage market has seen substantial growth in recent years, driven by a rising population and an increasing demand for both alcoholic and non-alcoholic beverages. Beer, in particular, has emerged as one of the favored choices amo