Carlsberg to Buy Rest of India, Nepal Units for $744 Million
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Carlsberg AS will take full control of its businesses in India and Nepal for $744 million as it steps up growth in the region.
The brewer will buy the one-third of Carlsberg South Asia Pte that it doesn’t already own from its partner, CSAPL (Singapore) Holdings, to take full ownership of the India operations, the company said Friday. It will boost its stake in the Nepal unit to almost 100% through a separate deal.