Sapporo to Invest $643 Million in Strategic Joint Venture with Carlsberg

MT Newswires Live

07/06

Sapporo Holdings (TYO:2501) said its board agreed to form a strategic partnership with Carlsberg and will acquire a 25% stake for $643 million in the new partnership joint venture.

The brewer said that Carlsberg will hold the remaining 75% stake in the JV and the partnership plans to expand the sales volumes of its premium beer to about 10 times by 2035.

The new venture, subject to regulatory conditions, is expected to be established in December and will extend the existing partnership to Laos, Vietnam, and Cambodia.

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