Exclusive - CHINA: Anheuser-Busch InBev buys Siping Ginsber Draft Beer Co
A-B InBev completed the deal earlier this week for an undisclosed sum
Anheuser-Busch InBev has upped its interest in China by acquiring Siping Ginsber Draft Beer Co, just-drinks can exclusively reveal.
A spokesperson for the Belgium-headquartered brewer confirmed today (10 April) that it completed on a deal for 100% of Ginsber, in China’s Jilin province, "earlier this week". Ginsber, which owns the beer brand of the same name, is China’s eighth largest brewer. It has an annual production capacity of around 80m litres.
Financial terms of the deal were not disclosed.
Reports in January suggested that A-B InBev was looking to pay CNY3.8bn (US$630m) for Ginsber.
China is becoming a growing battleground for global brewers. China Resources Snow, 49%-owned by SABMiller, is the country’s leading player. Carlsberg last month confirmed it was upping its footprint in the country by acquiring almost all of Chongqing Beer Group's remaining brewing interests.
For an exclusive just-drinks focus on China's beer market, click here
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