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China Resources-SAB Miller JV acquires two breweries from Heineken

China Resources Snow Breweries (CR Snow), a subsidiary of China Resources Enterprise (CRE) and a joint venture with SABMiller, on July 13 announced that it has entered into agreement with Heineken Asia Pacific Breweries (China) Pte to acquire stakes in two breweries, which further strengthen its leading position in the China beer market. CR Snow is acquiring a 49 percent equity stake in Jiangsu Dafuhao Breweries Company and a 100 percent equity stake in Shanghai Asia Pacific Brewery Company from Heineken for a total cash consideration of about 870 million renminbi (USD135 million).

written on 14.07.2011 um 19:01.


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