AB sells SABMiller’s stake to Chinese partner

AB sells SABMiller’s stake to Chinese partner

Anheuser-Busch InBev, the largest brewer in the World will sell SABMiller’s stake in China’s leading beer maker to the local partner for $1.6bn. The decision to sell its stake came after the merger decision with China Resources Beer (Holdings) Co. The Chinese company will purchase 49% stake in Snow Breweries, its joint venture with SABMiller. The Belgian-Brazilian brewing […]