Menu

Sale of Danish Malting Group A/S

In line with Carlsberg Group's ambition of disposing non-core assets, improving return on invested capital and reducing financial leverage Carlsberg Group has signed an agreement to sell Danish Malting Group A/S.

The Carlsberg Group has signed an agreement regarding the sale of Danish Malting Group A/S (“DMG”) to Viking Malt Oy. The transaction is expected to be finalised within few months, subject to approvals by relevant anti-trust authorities. The sales price is not disclosed.

About DMG

DMG is a 100% owned subsidiary of the Carlsberg Group. The company has 88 employees and operates three malting plants (one in Denmark and two in Poland) with a combined annual capacity of 220,000 tonnes and an annual turnover of approximately DKK 700m.

About malt

Malt is one of the four ingredients of beer alongside water, yeast and hops. Malt has a great impact on the taste of beer and comes in a great number of variants. Carlsberg, Tuborg and other pilsner type beers are brewed with malt made from barley. Danish barley malt is a favourite choice for breweries in the whole world.

Contact

Please address enquiries to:

Director, International and Danish Media

Kasper Elbjørn

Tel +45 4179 1216 Email kasper.elbjorn@carlsberg.com

Vice President, Investor Relations

Peter Kondrup

Tel +45 3327 1221 Email Peter.Kondrup@carlsberg.com