Round-Up - SABMiller, Snow and Kingway
In early-February, SABMiller's Chinese JV, China Resources Snow Breweries, announced that it will acquire Guangdong-based Kingway Brewery Holdings. Here's just-drinks' coverage of the matter.
Comment - Wehring's Way: SABMiller & Kingway - Have You Got What You Paid For?
7 February 2013
We journalists do like a good adjective. Honestly, you can't beat a strong descriptor to get a reader's attention. So, when an analyst suggested that SABMiller's CR Snow JV had paid an “eyewatering” price for Kingway Brewery in China, a lot of us journos sat up and took a sip of coffee.
UK: SABMiller counters "eye-watering" price for Kingway claim
6 February 2013
SABMiller has defended itself against accusations that its Chinese JV is set to pay “an eye-watering price” for Kingway Brewery Holdings.
CHINA: Brewers' profits chase may be futile - study
6 February 2013
China's massive beer volumes are set to rise further, but market fragmentation and weak margins may sink SABMiller and Anheuser-Busch InBev's profit hopes in the country indefinitely, an analyst has claimed.
CHINA: SABMiller's Snow wins Kingway Brewery's hand
5 February 2013
SABMiller appears to have won the race for Kingway Brewery Holdings, having agreed to buy the business for US$864m.
Comment - Kingway Brewery Gets Pick of the Bunch
14 February 2012
Kingway's controlling shareholder, state-owned GDH, is set to profit from growing rivalry among multinational brewers in China.
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Round-Up - SABMiller, Snow and Kingway
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