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
Thu, Mar 03, 2016 - 5:50 AM
China Resources Beer (Holdings) Co will buy the 49 per cent stake in Snow Breweries, its joint venture with Britain's SABMiller.
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.