Carlsberg said to weigh up bid for Tsingtao

Carlsberg A/S, the Danish beer maker, is weighing up whether to purchase a 20 percent stake in China's Tsingtao Brewery Co, sources said.

The Copenhagen-based company is working with an adviser on a potential bid for the Tsingtao stake being sold by Asahi Group Holdings Ltd, said the sources.

No final decision has been made, according to the people. The shares in Tsingtao, based in a port city in eastern China's Shandong province, are worth about $1.2 billion based on Wednesday's close in Hong Kong, data compiled by Bloomberg show.