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CHINA: InBev takes control of Chinese brewer

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The recently formed brewing giant InBev is acquiring the remaining 50% of Lion Group's beer business in China for a cash consideration of US$131.5m, hereby gaining 100% control.

In September 2003, Lion Diversified Holdings Berhad (LDHB), a diversified Malaysian group, sold 50% of its China brewing activities to Interbew - which went on to merge with Ambev to form InBEv - for US$131.5m, and transferred the management control of the strategic partnership to the Belgian group.
 
Lion Diversified Holdings Berhad (LDHB) is listed on the Kuala Lumpur Stock Exchange (KLSE), and realized a total beer volume of 13m hectolitres in 2003.

"This transaction complies with acquisition criteria for InBev: significant potential to grow outside both local and regional markets through strong brands, volumes, economies of scale, and critical mass; continued focus on the core-lager segment; and solid, dependable, management resources," the company said in a statement.

InBev is today the third-largest brewer in China, with 30 million hectolitres of capacity, produced by 18 breweries, and present in six major provinces: Zhejiang, Guangdong, Hubei, Hunan, Jiangsu and Shandong.


Sectors: Beer & cider

Companies: Anheuser-Busch InBev

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