Carlsberg's Sapporo JV Increases Prospect of Share Buybacks

Dow Jones

Jul 07

1036 GMT - Carlsberg's Southeast Asia joint venture with Sapporo Breweries raises the prospect of the Danish brewer announcing a new share buyback later this year, Citi analysts Simon Hales and Sunny Wadhwani write. Carlsberg and Sapporo will form a new joint venture across Southeast Asia and Hong Kong, while also expanding their collaboration into the U.K. The JV will be 75% owned by Carlsberg and 25% by Sapporo and will include Carlsberg's existing operations in Hong Kong, Singapore, Malaysia, Laos, Vietnam and Cambodia and the rights to produce and distribute the Sapporo brand in these markets. Carlsberg will receive $643 million in cash from Sapporo. "We expect the deal to be well received by investors." Citi rates Carlsberg at buy with a 1,060 Danish kroner target price. Shares rise 2% to 654.20 kroner. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

July 07, 2026 06:37 ET (10:37 GMT)

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Carlsberg and Sapporo will form a new joint venture across Southeast Asia and Hong Kong, while also expanding their collaboration into the U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. The JV will be 75% owned by Carlsberg and 25% by Sapporo and will include Carlsberg's existing operations in Hong Kong, Singapore, Malaysia, Laos, Vietnam and Cambodia and the rights to produce and distribute the Sapporo brand in these markets. Carlsberg will receive $643 million in cash from Sapporo. \"We expect the deal to be well received by investors.\" Citi rates Carlsberg at buy with a 1,060 Danish kroner target price. Shares rise 2% to 654.20 kroner. (dominic.chopping@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 07, 2026 06:37 ET (10:37 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Carlsberg's Sapporo JV Increases Prospect of Share Buybacks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCarlsberg's Sapporo JV Increases Prospect of Share Buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-07 18:37</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1036 GMT - Carlsberg's Southeast Asia joint venture with Sapporo Breweries raises the prospect of the Danish brewer announcing a new share buyback later this year, Citi analysts Simon Hales and Sunny Wadhwani write. Carlsberg and Sapporo will form a new joint venture across Southeast Asia and Hong Kong, while also expanding their collaboration into the U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. The JV will be 75% owned by Carlsberg and 25% by Sapporo and will include Carlsberg's existing operations in Hong Kong, Singapore, Malaysia, Laos, Vietnam and Cambodia and the rights to produce and distribute the Sapporo brand in these markets. Carlsberg will receive $643 million in cash from Sapporo. \"We expect the deal to be well received by investors.\" Citi rates Carlsberg at buy with a 1,060 Danish kroner target price. Shares rise 2% to 654.20 kroner. (dominic.chopping@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 07, 2026 06:37 ET (10:37 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CABGY","symbol_name":"Carlsberg AS","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2649981539","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2649981539","pubTimestamp":1783420620,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1036 GMT - Carlsberg's Southeast Asia joint venture with Sapporo Breweries raises the prospect of the Danish brewer announcing a new share buyback later this year, Citi analysts Simon Hales and Sunny Wadhwani write. Carlsberg and Sapporo will form a new joint venture across Southeast Asia and Hong Kong, while also expanding their collaboration into the U.K. The JV will be 75% owned by Carlsberg and 25% by Sapporo and will include Carlsberg's existing operations in Hong Kong, Singapore, Malaysia, Laos, Vietnam and Cambodia and the rights to produce and distribute the Sapporo brand in these markets. Carlsberg will receive $643 million in cash from Sapporo. \"We expect the deal to be well received by investors.\" Citi rates Carlsberg at buy with a 1,060 Danish kroner target price. Shares rise 2% to 654.20 kroner.  Dow Jones NewswiresJuly 07, 2026 06:37 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CABGY":"Carlsberg AS","BK4158":"啤酒酿造商"},"translate_title":"嘉士伯札幌合资企业增加了股票回购的前景","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CABGY":0.9},"content_text":"1036 GMT - Carlsberg's Southeast Asia joint venture with Sapporo Breweries raises the prospect of the Danish brewer announcing a new share buyback later this year, Citi analysts Simon Hales and Sunny Wadhwani write. Carlsberg and Sapporo will form a new joint venture across Southeast Asia and Hong Kong, while also expanding their collaboration into the U.K. The JV will be 75% owned by Carlsberg and 25% by Sapporo and will include Carlsberg's existing operations in Hong Kong, Singapore, Malaysia, Laos, Vietnam and Cambodia and the rights to produce and distribute the Sapporo brand in these markets. Carlsberg will receive $643 million in cash from Sapporo. \"We expect the deal to be well received by investors.\" Citi rates Carlsberg at buy with a 1,060 Danish kroner target price. Shares rise 2% to 654.20 kroner. (dominic.chopping@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 07, 2026 06:37 ET (10:37 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}