Carlsberg exits Tibet joint venture

Carlsberg has reached an agreement to offload its stake in its Tibet-based Lhasa Brewery joint venture. In a short statement to Just Drinks, the Danish beer major confirmed it had struck a deal to offload its 50% holding to its "joint venture partner" Tibet Development. According to a filing from Tibet Development with the Shenzhen Stock Exchange on Friday (30 January), the transaction is worth 292m yuan ($42m). Tibet Development will own 100% of Lhasa Brewery, also known as Tibet Lhasa Brewery Co., on ...