Carlsberg has acquired the remaining 33.33% shareholding in Carlsberg South Asia Pte Ltd for USD 744 million, achieving full ownership of its operations in India and significant shares in Nepal.

Information on the Target

Carlsberg South Asia Pte Ltd (CSAPL) is a pivotal entity in Carlsberg's operations within the South Asian market, serving as the holding company for Carlsberg India Pvt. Ltd. (CIPL), where it holds a 100% stake. In addition, CSAPL controls the business operations in Nepal through its significant shareholding in Gorkha Brewery Private Limited (GBPL). This acquisition represents a critical step for Carlsberg as it consolidates its presence in two strategic markets.

Having previously held a 66.67% ownership in CSAPL, Carlsberg's recent acquisition of the remaining 33.33% ensures complete control over its subsidiaries, enabling more streamlined management and expansion strategies in both India and Nepal. This move is expected to enhance operational efficiencies and strengthen market positioning in the increasingly competitive beverage landscape of South Asia.

Industry Overview in the Target’s Specific Country

The beverage industry in India has experienced remarkable growth in recent years, primarily driven by a burgeoning middle class and changing consumer preferences. The demand for beer, notably premium and craft varieties, is on the rise, refl