Carlsberg Breweries acquires 12.1 per cent of Türk Tuborg’s share

"By holding the absolute majority, we are able to simplify the decision making processes, to introduce our own policies in order to increase earnings and raise efficiency and to increase the transparency of the Group" says Nils S. Andersen and he continues, "the acquisition in Turkey is comparable to our increased holdings in Poland, Italy and Croatia achieved by buying out shareholders, who in accordance with shareholder agreements had much more influence on the operations of the company than they were entitled to based on their number of shares."

Upon approval of the agreement, the three Yasar Group representatives will retire from the Board of Directors which will then consist of Bjørn Wiggen, chairman, Paul Bergqvist and Geir Nesheim all from Carlsberg Breweries and Barry Marshall, managing director of Türk Tuborg.

Türk Tuborg is listed on the Istanbul stock exchange. In the future, Carlsberg Breweries will evaluate the possibilities of delisting the company.