11 January, 2006

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.

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