Carlsberg has generated net proceeds of about DKr1.9bn (£173m) by selling half its stake in Hite Brewery, of South Korea. It placed 11.9% of Hite in the market and sold almost 2.3m shares. The Danish brewer plans to use the proceeds to reduce debt and invest elsewhere. Financial Times 03/12/05 page 21 The Times 03/12/05 page 58 (Need to know)