Danish Carlsberg to buy Hue Brewery

The MoU was signed during the state visit of the Danish Queen by the chairman of the Carlsberg Group, Povl Krogsgaard-Larsen, and committee representative, Duong Duc Huy.

Carlsberg acquired its current 50 percent stakes in Hue Brewery in 1994.

"The acquisition marks another important milestone for Carlsberg in Viet Nam, and will further strengthen our already strong position in the Vietnamese market as Hue Brewery is a strong company with a competent management team, a skillful and committed workforce and strong brand," said Povl Krogsgaard-Larsen.

Carlsberg remains committed to investing in the future growth of Hue Brewery, as well its brand and people, the chairman said.

Hue Brewery Co is the market leader in the central region with Huda as the core brand. The brewery has two production sites with a total annual capacity of 200 million litres.

Last month, the Danish brewery proposed to increase its stakes in Habeco from 16 to 30 percent. The company currently holds a 30 percent stake in Ha Long Brewery.