that it must own at least 25 percent of the brewer. That could open the door for a share issue and further acquisitions in Asia.
Sydbank's Imsgard said however it would be difficult for Carlsberg to grab other large acquisition targets in China ahead of other competitors which have more financial muscle.
CR Snow, a joint venture between SABMiller and China Resources Enterprise, is the largest brewer in China followed by Tsingtao Brewery, Beijing Yanjing Brewery and Anheuser-Busch InBev.
Shares in Carlsberg fell 0.3 percent on Thursday, while the Danish benchmark index fell 0.1 percent.