CHINA: A-B linked with increasing Tsingtao stake
According to the reports, Anheuser-Busch is expected to pay around HK$1.2 billion to purchase the additional shares, based on an offer price of HK$4.20 per share, representing around a HK$1 premium to the current trading price. If the deal goes through it would make Anheuser-Busch the largest shareholder in the Chinese company after the state-run Tsingtao State-Owned Assets Management Bureau.
The speculation follows the announcement last week that the two companies had signed an agreement to form a strategic partnership which led to an immediate surge in Tsingtao's share price.
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