Carlsberg considering listing of India biz to unlock shareholders value: Group CEO

New Delhi: Danish brewing giant Carlsberg is considering listing its India business, as it looks to unlock shareholder value in the country where it is witnessing strong growth, said its Group CEO Jacob Aarup-Andersen.

Ending speculation, Andersen, during the investor call, revealed the company’s listing plans; however, he added that no final decision has been made so far. “We are today confirming the intention to explore an IPO in India.

And we have not made any final decisions yet on that,” he said while replying to a query. The company is exploring different options for increasing shareholder value, and that may potentially include an IPO of its business in India, he said.

However, he declined to divulge further details saying: “It also unfortunately restricts me from a legal perspective in terms of what I can say and not say around that.

But ... what I can say is that this exploration is driven by our aim to create shareholder value... So, we are assessing this on the back of assessing whether we can create shareholder value.”

The decision is ‘purely driven’ from a shareholder value perspective, said Andersen. “And the assessment we are doing right now is whether it will create adequate shareholder value. Beyond that, we cannot comment more around a potential IPO.