AB InBev goes it alone in shrinking Chinese beer market

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Anheuser-Busch InBev Wednesday announced the termination of a joint venture in a Chinese brewery between SABMiller and China Resources Beer.

China Resources Beer will buy SABMiller’s stake in the Beijing-based CR Snow brewing company for $1.6 billion. The sale clears the way for the completion of AB InBev’s takeover of London-based SABMiller. (more…)

India. SBI Seeks Vijay Mallya’s Arrest, Seizure Of Passport

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Top state-run lender State Bank of India (SBI) has sought arrest of Vijay Mallya, and also impounding of his passport, as the bank approached Debt Recovery Tribunal (DRT) seeking action against the UB Group promoter for defaulting on loans. (more…)

More Brewers in Sights After China Resources Snow Beer Buy

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China’s top brewer could start acquiring smaller competitors to cement its leading position in the Chinese beer market, after buying out venture partner SABMiller Plc and taking full ownership of the world’s best-selling Snow beer. (more…)

Booze tax goes up in Malaysia

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Consumers will now have to pay more for beers with a higher alcohol content.

There will be no cheers from drinkers now that a revised excise duty, calculated according to the alcohol level in beverages, has been introduced. (more…)