Danish brewer Carlsberg A/S said Dec. 13 that it bought a 28.5% stake in Viacer, the controlling shareholder of Portugal-based beverage company Super Bock Group.
Financial terms were not disclosed.
Viacer owns approximately 56% of Super Bock Group's shares while the remaining 44% is held by Carlsberg.
The transaction raises Carlsberg's direct and indirect ownership in Super Bock Group to 60%, according to the release.
Carlsberg CEO Cees 't Hart said in a statement that the Super Bock Group offers "appealing long-term opportunities" due to its strong position in its home market.