Capital, Earnings & M&A
China Resources Beer Acquires SABMiller's 49% Stake in Snow Breweries for $1.6 Billion
China Resources Beer (Holdings) Company Limited (HK, 00291) announced this morning that it will acquire SABMiller Asia's 49% stake in China Resources Snow Breweries for $1.6 billion, giving it full control of China's largest beer company. The deal marks a significant step for China Resources Beer to streamline its business and for SABMiller to resolve competitive conflicts in China.
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