Guangdong brewery has announced that it is looking to sell a stake to one of the world’s five largest brewing groups. The potential sale would amount to 21% of the company.
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The brewery has said in a statement that it and its parent firm GDH had agreed with a company from “one of the world’s top five international brewery groups by sales” to talk about various strategic investments. Guangdong did not say who the brewery group was.
The Chinese brewer has a market capitalisation of US$314m. It does not currently rank among the top 10 Chinese beermakers.
