South Korea: Carlsberg has sold its remaining 11.86 % stake in Hite Brewery

Danish brewing force, Carlsberg, has sold its remaining 11.86 % stake in Hite Brewery Co., South Korea's largest beermaker, the Korean beer company company announced on January 10. Carlsberg invested about 319 billion won, or US$ 325 million, ending a six and a half year investment in Hite Brewery, according to Asia Pulse.

Carlsberg sold its 2.27 million shares in Hite for 140,158 won per share in after-hours trading on Monday, Hite said in a regulatory filing.

E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .