Baker McKenzie advised Carlsberg on its acquisition of an additional 25% stake in Cambrew Ltd, the Cambodian brewer of the iconic Angkor Premium Beer. The transaction gives Carlsberg management control of the business in a beer market that offers appealing long-term growth opportunities.
Tracy Wut, Partner, Robert Wright, Special Counsel and Matthew Love, Senior Associate, of Baker McKenzie Hong Kong, advised Carlsberg on this strategic transaction.
Commenting on the deal, Tracy Wut, said, "We are pleased to support Carlsberg on this strategic, complex transaction, which aligns with our commitment to the SE Asian market."
Established in 1847, Carlsberg is one of the leading brewery groups in the world today, with a large portfolio of beer and other beverage brands. More than 41,000 people work for the Carlsberg Group, with products sold in more than 150 markets.
Cambrew is one of the leading brewers in Cambodia. The brewery was commissioned by the Cambodian Government in the early 1960s. Cambrew Ltd assumed control of the brewery in 1991. Since 1991, the Carlsberg Group's partner in Cambrew has been instrumental in building up Cambrew and the Angkor Premium brand to their current positions.