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…)
Immediately after China Resources Group bought 49% of the shares of SABMiller, there was a message about changes of personnel at CR Snow. (more…)
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…)
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…)
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…)
Carlsberg’s old sudsy stalwart, Elephant Beer, has become a trumpeting success in India.
In 2015, sales increased by 42 percent and the Danish brewery giant is aiming to become second on the Indian market within the next three years. (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…)
Heineken NV and Carlsberg A/S, the world’s third- and fourth-largest brewers, forecast higher profit this year as markets such as Vietnam and southeast Asia offset weakness in Russia and China. (more…)
