Consumer & Categories
Behind Fosun's Takeover of Tsingtao Brewery: A Choice of No Choice for All Three Parties
Fosun Group's acquisition of Tsingtao Brewery has drawn significant market attention, but behind the deal, all three parties may have their own considerations and constraints. On the evening of December 20, Tsingtao Brewery announced that Fosun Group would acquire Asahi's 17.99% stake for HK$6.617 billion, while Tsingtao Brewery Group would repurchase the remaining 1.99%. The deals are expected to close by March 28 and March 30, 2018, respectively.
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