News

US: Anheuser completes Harbin purchase

Most popular

Hard coffee founder details Diageo lessons

The just-drinks Analyst returns

How will Diageo change Cuban rum?

Interview - Treasury CEO Mike Clarke - Part II

The just-drinks Analyst returns

MORE

The US beer giant Anheuser-Busch yesterday said it has finally completed the purchase of approximately 29% in the Chinese brewer Harbin Brewery Group Ltd.

The purchase was made through Global Conduit Holdings Ltd., an investment holding company.

The holding company acquired the brewery shares from the City of Harbin under a previous agreement, and the transfer to Anheuser-Busch was completed after receipt of all requisite approvals for the transaction.

The total purchase price was HK$1.08 billion (US$139m), or the equivalent of HK$3.70 per share.

The completion of the transaction will no doubt once again fuel speculation about whether AB will now launch a full takeover offer to counter the hostile bid made earlier this month by rival SABMiller.


Sectors: Beer & cider

Companies: SABMiller

Related Content

Anheuser-Busch InBev’s purchase of SABMiller – The Divestments – data

Anheuser-Busch InBev’s purchase of SABMiller – The Divestments – data...

The Coca-Cola Co completes purchase of Anheuser-Busch InBev's Coca-Cola Beverages Africa stake

The Coca-Cola Co completes purchase of Anheuser-Busch InBev's Coca-Cola Beverages Africa stake...

Performance surprises Anheuser-Busch InBev in Q1 2018 - results

Performance surprises Anheuser-Busch InBev in Q1 2018 - results...

Anheuser-Busch InBev to offload Australia operations to Asahi

Anheuser-Busch InBev to offload Australia operations to Asahi...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?