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CHINA: Tsingtao looks at more local acquisitions

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China's largest, Tsingtao Brewery Co, which earlier in the week announced details of a strategic alliance with Anheuser-Busch said today that it would use some of the money raised in the deal to upgrade its existing Chinese facilities and to acquire more local breweries. The Chinese brewer denied rumours that had been circulating that it would be looking at buying a brewer in the US>


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