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AB InBev to sell SABMiller's China JV stake for US$1.6b

Anheuser-Busch InBev makes the sale to circumvent China's antitrust laws

Shanghai

THE world's top brewer Anheuser-Busch InBev has agreed to sell SABMiller's stake in China's leading beermaker to the local partner for US$1.6 billion, according to a statement on Wednesday, as part of a mega-merger between the giants.

China Resources Beer (Holdings) Co will buy the 49 per cent stake in Snow Breweries, its joint venture with Britain's SABMiller, it said in a statement to the Hong Kong stock exchange, where it is listed.

It said the deal would go through "as soon as practicable"...

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