Carlsberg sells its 20% stake in Israel Beer Breweries
Carlsberg hereby announces that it has sold its 20% stake in Israel Beer Breweries which was founded in 1992 by Carlsberg and its Israeli partner with CBC Group as the majority owner.
Carlsberg said it would buy the shares it does not own in Russian subsidiary Baltika for up to $1.2bn, even as the Danish brewer reported a drop in full-year profit due to weakness in its eastern European operations.