DENMARK: Carlsberg Group signs agreement to sell Danish Malting Group | Progresiv
The Carlsberg Group has signed an agreement regarding the sale of its Danish Malting Group to Viking Malt Oy for an undisclosed sum. 
The transaction is expected to be finalised within the next few months, the Copenhagen-based brewer said, subject to approvals by competition authorities.
The transaction is in line with the Carlsberg Group’s ambitions of disposing of its non-core assets, improving return on invested capital and reducing financial leverage, it added.
Danish Malting Group was a wholly 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 about 700 million crowns (101 million dollars). (www.foodbev.com)
