Is A-B InBev looking to up its interest in the Chinese beer market?

Is A-B InBev looking to up its interest in the Chinese beer market?

Anheuser-Busch InBev has declined to comment on reports it is set to acquire China's Ginsber Draft Beer Company for CNY3.8bn (US$630m). 

The deal has been on the table since September and final details are being discussed, the Want China Times reported yesterday (14 January), citing Shanghai's China Business News. Ginsber, based in Siping in Jilin province, is China's eighth largest producer of beer, according to the report. 

Asked to comment on the report today, an A-B InBev spokesperson told just-drinks: “We do not comment on market rumours or speculations.”

In year-to-date results reported in October, the Budweiser brewer revealed its beer volumes in China were up 9% year-on-year, and 8.3% in the third quarter. It is currently China's third biggest beer player, behind SABMiller's Snow and Tsingtao

Carlsberg last month confirmed it was upping its footprint in the country by acquiring almost all of Chongqing Beer Group's remaining brewing interests.  

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