CHINA: Interbrew makes further acquisition in China
Interbrew, the Belgian brewer, has continued its Chinese expansion with the acquisition of a 24% stake in Zhujiang Joint Stock Company for US$19.5m. The agreement follows a Memorandum of Understanding signed in Shanghai on 29 March 2002 between the two companies in the presence of the Belgian prime Minister Guy Verhofstadt and the Mayor of Guangzhou, Yuan He Lin.
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