Menu

AllPack 2016

Bosch Packaging Banner VerticalFood EN 744x56

SABMiller sells stake in China Snow Breweries to facilitate AB InBev acquisition

SABMiller sells stake in China Snow Breweries to facilitate AB InBev acquisition, SABMiller, AB InBev, Anheuser-Busch InBev, China Resources Beer Holdings Co Ltd
CHINA –
Anheuser-Busch InBev (AB InBev) is selling SABMiller plc’s 49% stake in China Resources Snow Breweries Ltd (CR Snow) to China Resources Beer Holdings Co Ltd (CRB), giving the latter full ownership of CR Snow.

This move is part of AB InBev’s strategy to “proactively” address regulatory considerations in its proposed acquisition of SABMiller.

The sale of SABMiller’s 49% stake in CR Snow is valued at US$1.6 billion, and the deal has been approved by the board of CRB as well as by its majority shareholder; thus no extraordinary general meeting will be required to approve the transaction.

Upon completion on the deal, CR Snow will become a direct wholly-owned subsidiary of CRB.

 

Our detailed report is available in Packaging Business Insight Asia.

SABMiller sells stake in China Snow Breweries to facilitate AB InBev acquisition, SABMiller, AB InBev, Anheuser-Busch InBev, China Resources Beer Holdings Co LtdDownload your Complementary Copy 
 
Name:*
E-mail:*
Position:*
Details:*
Opt In*
Word Verification:
FacebookMySpaceTwitterDiggDeliciousStumbleuponGoogle BookmarksRedditTechnoratiLinkedinRSS FeedPinterest
Pin It