"Carlsberg Sells Turkish, Israeli Brewery Stakes For $116 Million
Dow Jones
July 23, 2008: 04:10 AM EST
Danish brewer Carlsberg A/S (CARL-A.KO) Wednesday announced the sale of stakes in two breweries for a combined value of about $116 million, the latest deal in the global brewing industry's recent transformation.
Carlsberg's selloffs Wednesday include its 95.6% stake in Turk Tuborg Bira ve Malt Sanayi for about $80 million minus interest-bearing debt and working capital adjustments as of the end of June, and its 20% stake in Israel Beer Breweries for $36 million."
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