The merger of two brewing giants AB InBev and SABMiller against the background of the Chinese beer market drop provided an opportunity for China Resources Beer cheaply buy back shares from the foreign partner. (more…)
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…)
China Resources Beer (Holdings) Co. agreed to buy out the remaining stake in its Chinese venture with SABMiller Plc for $1.6 billion, smoothing the way for a takeover of its partner by Anheuser-Busch InBev NV. The Chinese brewer’s shares jumped. (more…)
China Resources Beer will pay $1.6 billion to buy out SABMiller Plc’s stake in their China Resources Snow Breweries venture, a much lower price than expected and sending shares in the state-backed firm soaring by a quarter in value. (more…)
According to Anheuser-Busch InBev Full Year 2015 Results report, company’s revenue grew by 6.3% in FY15, with revenue per hl growth of 7%. (more…)
Japan’s Asahi Group Holdings said Wednesday it has agreed to acquire some operations from U.K.-based brewer SABMiller in a deal that could smooth the way for a much larger transaction between SABMiller and Belgium-based Anheuser-Busch InBev. (more…)
Small breweries are taking away the share of transnational companies, writes the Russian business newspaper Kommersant. (more…)
Japan’s Asahi Group Holdings is diving into Europe in hopes of instantly enlarging its presence in an ever-consolidating global beer market.
The purveyor of Super Dry has offered to buy not one but four brewers and beer distributors owned by SABMiller for a total of 2.55 billion euros ($2.85 billion), it said on Wednesday. (more…)
You can make the best products in the world, but distributing them to customers is where a consumer company wins big. (more…)
Asahi Group Holdings is offering a little over 400 billion yen ($3.48 billion) to purchase two European beer brands from SABMiller, proposing the biggest-ever overseas acquisition by a Japanese beer company. (more…)