News

CHINA: Anheuser raises stake in Tsingtao

Most popular

The just-drinks analyst returns

Coronavirus paves the way for e-commerce boom

"Europe is so primed for hard seltzer" - interview

The just-drinks analyst returns

How to reach Gen Z in the coronavirus era - focus

MORE
The US brewer, Anheuser-Busch, has doubled its stake in the leading Chinese beer producer, Tsingtao, from 4.5% to 9.9% by exercising convertible bonds acquired in April.

The additional stake will be issued for the conversion of the first tranche of its HK$280.8m convertible bond issued April 1 as part of the strategic investment deal which the two companies signed last October. That deal will see Anheuser-Busch increase its stake in Tsingtao to 27% over seven years for a total consideration of US$182m.


Related Content

Asahi asset tidy continues with Tsingtao Brewery Co stake poised for offload

Asahi asset tidy continues with Tsingtao Brewery Co stake poised for offload...

Anheuser-Busch InBev moves closer to Craft Brew Alliance buy - analyst

Anheuser-Busch InBev moves closer to Craft Brew Alliance buy - analyst...

China on the mend despite nightlife lag - Anheuser-Busch InBev CEO

China on the mend despite nightlife lag - Anheuser-Busch InBev CEO...

Anheuser-Busch InBev CFO Felipe Dutra announces exit

Anheuser-Busch InBev CFO Felipe Dutra announces exit...

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?