CHINA: Tsingtao increase Chinese control with purchase spree
China's largest beer company Tsingtao Brewery has announced the acquisition of 90% stakes in two breweries, along with a number of other smaller deals, in its continued expansion nationwide. The two 90% stakes are in Fuliyun (Tianmem) Brewery and Fuliyun (Suizhou), which Tsingtao bought from Well Unison Investments for a reported US$7.1m.
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