Kingway says shareholder sells stake at premium

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Kingway Brewery Holdings Ltd (0124.HK) said shareholder Heineken-APB (China) Pte Ltd had agreed to sell its entire stake in the Chinese brewer at a price representing a 62.8 percent premium to its last close. (more…)

Japan: Kirin Brewery spills beer in earthquake

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The picture on the right is of the Kirin Brewery in Sendai, in the Miyagi Prefecture roughly 235 miles north of Tokyo and just off the Oshika Peninsula.
Sendai was devastated by Friday’s earthquake, and four large holding tanks at the brewery were destroyed. (more…)

India. SABMiller likely to be back in black this year

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SABMiller India, the country’s second largest beer company, expects to book profits in the current fiscal after two years of successive losses. It also hopes to increase market share in profitable states and grow in Andhra Pradesh, the largest beer market in India. (more…)

China. Anheuser snags Henan brewer

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Anheuser-Busch InBev, the world’s largest brewer, has acquired China’s Weixue Beer Co, the second largest brewery in Henan Province, a move analysts said shows AB InBev’s clear-cut strategy for expanding its presence in the world’s largest beer market. (more…)