Carlsberg A/S is a Denmark-based company active within the brewing industry. It is primarily engaged in the production, marketing and sale of beer and soft drinks. The Company�s portfolio consists of more than 500 beer brands, including Carslberg, Kronenbourg, Baltika, Holsten, Okocim, Tuborg, Lav and Lvivske, among others. Carlsberg has operations in Northern & Western Europe, Eastern Europe and Asia. The Company is also present in markets where it does not have own breweries through license business. Additionally, the Company has interests in development and sales of real estate. As of December 31, 2011, the Company operated through numerous subsidiaries in Europe and Asia, including Carslberg Danmark A/S, Carslberg Sverige AB, Carslberg Polska SA, Baltika Breweries and Carslberg Brewery Hong Kong Ltd, among others. As of March 4, 2013, the Company was the largest shareholder in Chongqing Brewery Company Co. Ltd (29.7%).