Divestment of the Carlsberg site (DK) to Realdania, PFA, Topdanmark and PenSam (DK) by Carlsberg — DKK 2.5 billion

Carnegie acted as sole financial adviser to Carlsberg in the divestment of the Carlsberg site to a group of Danish investors including Realdania, PFA, Topdanmark and PenSam. The Carlsberg site covers a total site area of 250,000 sqm. and is attractively situated on the border of the Copenhagen city centre.April, 2012.