Carlsberg Foundation

History

The foundation was started to run Carlsberg Laboratory. To finance its works the foundation received a portion of shares in Carlsberg Brewery. J.C. Jacobsen's wish was to create a foundation with firm obligations to the natural sciences and direct responsibility for the running of a corporate enterprise. In 1878 the foundation started to manage and fund the Museum of National History at Frederiksborg Palace. In 1887 after the death of J. C. Jacobsen the foundation inherited the remaining shares in the brewery. In 1902 Carl Jacobsen (J. C. Jacobsen's son) started the "New Carlsberg Foundation" to run his brewery, New Carlsberg. When the old and new Brewery merged, the obligations of New Carlsberg Foundation were added to those of the Carlsberg foundation, including the management and funding of Ny Carlsberg Glyptotek. In 1931 the foundation started a Scholarship programme named after J. C. Jacobsen. The foundation sponsored the Danish excavation of Tell Shemshara in Iraq in 1957. In 1991 the foundation took over the responsibilities of the "Tuborg Foundation", after Carlsberg acquired Tuborg brewery in 1970.

Relations to Carlsberg Brewery

In 1887 at the death of J. C. Jacobsen the foundation inherited the remaining shares in Carlsberg Brewery, the testament stated that the foundation shall always at least own 51% of the brewery. In May 2007 the Danish Foundation Oversight Authority approved that the interpretation of the rules to mean that the foundation should own at least 25% of the capital assets of the brewery and 51% of the voting shares. The shares in Carlsberg are divided into two classes, where the A-class has twenty votes per share and the B-class has two votes per share.

it owned 29.63% of the share capital the Carlsberg Group and controlled 77.25% of the voting power.

References

References

1. Mortensen, Peder. (1970). "Tell Shimshara. The Hassuna period". Kongelige Danske videnskabernes selskab.
2. "Asset management and investments".