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Royal Scandinavia: Carlsberg cuts stake

The Danish brewer Carlsberg has reduced its majority stake in glassware and china group Royal Scandinavia, in line with plans to concentrate on the beverage sector.
The deal, with a local investor gr…

The Danish brewer Carlsberg has reduced its majority stake in glassware and china group Royal Scandinavia, in line with plans to concentrate on the beverage sector. The deal, with a local investor group led by Axcel, a Danish industrial investment company, will earn Carlsberg around DK 1.7 billion and reduce the Copenhagen-based brewer“s holding from 64% to 28%. A new holding company, Royal Scandinavia Holding, which will be 51%-owned by Axcel, will make a general purchase offer and then delist the company from the Copenhagen stock exchange. Royal Scandinavia brands include Orrefors and Kosta Boda, two of Sweden“s best-known makers of quality glassware.

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