2nd December 2024, Kathmandu
Carlsberg Group, a renowned global brewing company, has further strengthened its presence in Nepal by acquiring a significant stake in Gorkha Brewery. This strategic move positions Carlsberg as a dominant player in Nepal’s burgeoning beer market.
Carlsberg Acquires 33% Stake in CSAAPL
A Strategic Partnership
The acquisition involved Carlsberg purchasing a 33.33% stake in CSAAPL (Singapore) Holdings PTE Ltd. from prominent Nepali businessman CP Khetan. This deal, valued at a substantial NPR 100 billion, underscores the growing importance of Nepal as a strategic market for international companies.
Full Control of Gorkha Brewery
With this acquisition, Carlsberg now holds a commanding 99.94% stake in Gorkha Brewery. This ownership gives Carlsberg complete control over the brewery’s operations, enabling it to implement its global best practices and drive growth.
Resolving the Legal Dispute
The road to this acquisition was paved by a legal dispute between Carlsberg and Khetan. The matter was resolved through arbitration in Singapore, with the tribunal ruling in favor of Carlsberg. This decision granted Carlsberg the right to acquire Khetan’s stake in CSAAPL.
Expanding Market Reach
Carlsberg’s move into Nepal aligns with its broader strategy of expanding its footprint in South Asia. By taking full control of Gorkha Brewery, the company is well-positioned to capitalize on the growing demand for premium beer in the region.
A Bright Future for Gorkha Brewery
Under Carlsberg’s leadership, Gorkha Brewery is poised to benefit from the global brewer’s expertise, resources, and innovative approach. This partnership is expected to drive growth, enhance product offerings, and improve operational efficiency.
A Milestone for Nepal’s Corporate Sector
This significant acquisition marks a milestone for Nepal’s corporate sector. It highlights the increasing interest of international companies in the country’s growing economy. Carlsberg’s investment in Gorkha Brewery signals a new era of growth and development for the Nepali beer industry.
For more: Carlsberg Acquires 33% Stake in CSAAPL
