E-Malt.com News article: 1158

Carlsberg Breweries A/S has started negotiations with Yasar Holding AS to acquire the Yasar Group's 12.1% stake in Türk Tuborg. If the negotiations result in an agreement, Carlsberg Breweries will subsequently own 95.3% of the company. Any agreement is subject to approval by Turkish authorities. Carlsberg Breweries became the majority shareholder in July 2001 by acquiring 50.01% of the share capital and has since then through increases in the share capital and public offers increased its ownership share to 83.2%.

Türk Tuborg was founded in Izmir in 1967 as a joint venture between Carlsberg and Yasar Holding and it was the first Tuborg brewery outside Denmark. Türk Tuborg has an annual capacity of 3 million hl.


03 June, 2003