Interbrew has closed its acquisition of China's K.K. Brewery. The Belgian brewer paid US$35m cash for a 70% stake of the brewing operations of the Chinese K.K. Group. The K.K. Brewery, located in the city of Ningbo (the second largest harbour of china, after Shanghai), is the leading brewer in the Province of Zhejiang. Interbrew said the transaction reinforced its commitment to play a leading role in the consolidation of the beer market in China's Yangtze Delta region.