Carlsberg May Sell Some Asia Operations, Sapporo in Talks

Danish brewer Carlsberg A/S is considering selling part of its Asian operations, and Sapporo Holdings Ltd. has emerged as a top candidate to make the purchase, people familiar with the matter said.

Carlsberg is in discussions with the Japanese company, which is leaning toward acquiring a minority stake in its Asian business, the people said. The sale may not proceed if an agreement can’t be reached on the ownership ratio and other terms, they said.