The world's top brewer Anheuser-Busch InBev has agreed to sell SABMiller's stake in China's leading beer maker to the local partner for $1.6 billion, according to a statement on Wednesday, as part of the two giants' mega-merger.
China Resources Beer (Holdings) Co. Ltd. will buy the 49 percent stake in Snow Breweries, its joint venture with Britain's SABMiller, according to a statement to the Hong Kong stock exchange where it is listed. It said the deal would go through "as soon as practicable" after AB InBev, a Belgian-Brazilian company, takes over SABMiller.
AB InBev announced in November 2015 it would buy SABMiller for $121 billion - the third-largest acquisition in history - creating a juggernaut brewing three times as much beer as its nearest rival. The sale of the Snow Breweries stake may help AB InBev secure Chinese antitrust approval for the SABMiller acquisition, Bloomberg News reported.
Please click to read our informative text prepared pursuant to the Law on the Protection of Personal Data No. 6698 and to get information about the cookies used on our website in accordance with the relevant legislation.
6698 sayılı Kişisel Verilerin Korunması Kanunu uyarınca hazırlanmış aydınlatma metnimizi okumak ve sitemizde ilgili mevzuata uygun olarak kullanılan çerezlerle ilgili bilgi almak için lütfen tıklayınız.