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.
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.
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