Beijing Yanjing Brewery seeks foreign investor - report
China's state-backed Beijing Yanjing Brewery is looking to sell a 20% stake to a foreign partner, according to a report.
The brewery, which is reportedly controlled by the Beijing municipal government, has “reached out” to potential investors, including overseas brewers, Bloomberg reported today, citing un-named sources close to the matter. The stake could reportedly be worth US$700m.
Yanjing is the only major Chinese brewer without an overseas partner. China Resources Snow is 49% owned by SABMiller and Tsingtao Brewery is 20% owned by Japan's Asahi Group.
Anheuser-Busch InBev's announcement of its proposed acquisition of SABMiller late last year did not come as much of a surprise, and was the culmination of over a decade-and-a-half of merger and acquis...
Since Anheuser-Busch InBev's takeover plans for SABMiller were confirmed, the world has scrutinised the deal, the fall-outs, the brands and which bits would be kept or sold. ...
Kirin's Australia unit, Lion, has launched a 0.9% abv beer under its Hahn brand as the company ups it focus on the low- and no-alcohol segment....
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