BELGIUM: A-B InBev sells remaining Tsingtao Brewery stake

By | 5 June 2009

Anheuser-Busch InBev has completed the sale of its remaining 7% stake in Tsingtao Brewery to private Chinese investor Chen Fashu for US$235m.

The deal, announced today (5 June), means that A-B InBev is no longer a shareholder in Tsingtao.

In April, the Belgium-based brewing giant completed the sale of a 20% stake in Tsingtao to Asahi for $667m.

The deal with Chen Fashu comes less than a month after A-B InBev announced that it had agreed to sell South Korea's second largest brewer, Oriental Brewery, to private equity group KKR for $1.8bn.

The brewer is committed to disposals in order to help pay off a $7bn bridge loan taken out to fund InBev's $52bn takeover of A-B late last year.

Sectors: Beer & cider

Companies: InBev, Tsingtao, Anheuser-Busch, Asahi

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BELGIUM: A-B InBev sells remaining Tsingtao Brewery stake

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