CHINA: Anheuser-Busch InBev silent on Kingstar deal talk
Anheuser-Busch InBev has declined to comment on speculation that it has held talks with China's Kingstar Beer Group, with a view to taking a minority stake in the company.
Chinese news publication SinoCast said this week that Kingstar might hand a stake in its business of up to 30% to A-B InBev. It cited no sources. According to the publication, Kingstar has restructured its ownership, via a CNY600m (US$94.5m) buyout by chairman group Zhang Tieshan.
Kingsar, based in Henan, province is one of China's largest remaining independent brewers. A spokesperson for A-B InBev declined to comment on the speculation when contacted by just-drinks today (3 November).
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