CHINA: InBev stays coy on Fujian Sedrin

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InBev has again refused to comment on fresh reports linking it with a successful bid for sought-after Chinese brewer Fujian Sedrin.

InBev, the World's largest brewer by volume and the third-largest in China, is reported to have outbid rivals Heineken and Anheuser-Busch for Fujian Sedrin.

When contacted by just-drinks today, an InBev spokesperson again declined to comment on the intensifying speculation associating the company with a successful US$750m offer.

Sources familiar with the situation were reported to have told the Wall Street Journal that InBev had tabled the winning bid.

There remains some uncertainty about the size of the holding being bought, the newspaper said. Sources close to the deal said that InBev's bid was for all of the Chinese brewer, including the 39.48% owned by the state, as well as the holdings owned by employees, and some suppliers and vendors.

However, an official in Sedrin's planning department said the stake on offer was the 39.48% owned by the government, and the sale was still going on. Fujian Sedrin was quoted on the Fujian Assets and Equity Exchange on 31 August as inviting international bids for the state-owned 39.48% stake in the company.

The World's brewing giants have all looked to strengthen their presence in China as sales stagnate in the flat beer markets of the West.

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